Nothing Seems To Scare Parents More Than The Prospect Of Paying Their Children's College Tuition Fees.
In a recent survey, 300 parents of school-age children were asked to list in order the fears which inspired the most horror. Believe it or not, the high cost of college tuition came well above the safety of their family, terrorism, and crime.
Most of the so-called experts seemed somewhat surprised by these results. Not me. I've received a great many letters over the years from parents on the subject of Student Loans and the hardships they have caused these families.
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In a recent survey, 300 parents of school-age children were asked to list in order the fears which inspired the most horror. Believe it or not, the high cost of college tuition came well above the safety of their family, terrorism, and crime.
Most of the so-called experts seemed somewhat surprised by these results. Not me. I've received a great many letters over the years from parents on the subject of Student Loans and the hardships they have caused these families.
As a rule, I have always advised these parents to max out their retirement accounts before they consider saving for college fees. After all, there is little or no financial aid for retirement, but there's plenty of help for college fees once you know where to look. So why is it as rational adults, we can and do understand from a dollars-and-cents perspective that this advice is perfectly correct, but as parents, we seem more than a little uncomfortable with it.
Student Loans are big business and there is no shortage of companies out th
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