High school seniors are wrapping up their last year — studying for finals, battling senioritis and mailing out graduation announcements. And while those destined for college are beginning to receive financial aid award letters, student loan debt is likely not top-of-mind. But maybe it should be….
The Opportunity Cost
It’s a common goal among parents: in order to provide a more solid financial footing for their child after college, they spare him or her from going deeply into debt by footing the bill. The price is not cheap even to send one child to college; imagine if you had multiple kids – your expenses would run into the hundreds of thousands!...
Tuition Woes
The end of summer is nearing, and with that parents across the country are in the process of that time honored tradition of sending their children off to universities and colleges. Well before they’ve dropped their students off, however, they most likely had to write that first tuition check; some might still be recovering from the sticker shock....