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Parents pay for college debt check: when to borrow
Federal parent loan debt tops 103 billion across 3.6 million borrowers with 9 percent defaults within two years after graduation. The article analyzes when to borrow, the cost of a typical 17,500 loan, and the impact on retirement. It offers practical budgeting, boundary setting, and refinancing options for parents financing their child’s education.
MENTIONED IN THIS ARTICLE
Office of Federal Student Aid
Department of Education
Jan Miller
Miller Student Loan Consulting
Kristen Holt
Greenpath Financial Wellness
Consumer Financial Protection Bureau
Calvin Williams
Freeman Capital