I’ve written many times here about the consequences of heavy student loan debt -- for students. Often overlooked in these discussions are the consequences of college-related loan debt for parents. Today, I would like to take a look at some surprising information about the parental college loan burden, which I hope will sound a caution to the parents of future college-bound high schoolers.
My inspiration for writing about this comes from a release sent to me from brookings.edu entitled New data showing troubling trends for parents with student loans. The release refers to a new report, which features this unfortunate news: “Parents are borrowing more and more to send their kids to college — and many are struggling to repay.” This is the information I would like to reference today.