My column from today’s Nashua Telegraph:
It’s that time of year again. Parents and their soon-to-be high school graduates are agonizing over a most impactful decision: choice of college.
For the graduating senior, the decision sets the stage for the next four years of his or her life. That is an eternity for an 18-year-old. For parents, the decision has implications in both the interpersonal and the financial areas. Make no mistake: This is a stressful time for these families.
The pressure is exacerbated by the skyrocketing cost of obtaining a four-year college degree. For a variety of reasons – not the least of which is the seemingly unlimited availability of loans to finance college education – tuition costs at four-year colleges have continued to increase, despite the Great Recession.
Indeed, we now live in the midst of what many are calling a student loan crisis. According to The Atlantic, student loan debt increased by 511 percent between 1999 and 2011. Read More