Parents Pile Up Education Loans, Imperil Retirement Years

Glenn Ricketts

The bad news about student debt just keeps coming:  have a look at this piece from CNBC’s Sharon Epperson.  Apparently, lots of parents – either in middle age or nearing retirement – are signing off on hefty loans for their sons or daughters to go to college.  Exactly what the money buys them in terms of an education is increasingly problematical, as we’ve argued here regularly.  What they do get for certain, however, is a pile of debt that wipes out their retirement nest eggs, gets them into mortgage quicksand and contributes to the growing national problem of defaults on outstanding debt. 

As Chester Riley of yore might have put it, What a revoltin’ development.

  • Share

Most Commented

October 29, 2024

1.

The Looming Irrelevance of Middle East Study Centers

Today’s Middle Eastern Studies Centers are facing a crisis due to the winds of change in the Middle East and their own ideological echo chamber....

November 19, 2024

2.

Lee Zeldin Should Reform EPA Science Policy

NAS welcomes the nomination of Congressmen Lee Zeldin to lead the Environmental Protection Agency....

November 20, 2024

3.

NAS Welcomes Administrator McMahon's Nomination to Serve as Education Secretary

With McMahon, the new administration has a chance to drastically slim down and depoliticize the Education Department....

Most Read

May 15, 2015

1.

Where Did We Get the Idea That Only White People Can Be Racist?

A look at the double standard that has arisen regarding racism, illustrated recently by the reaction to a black professor's biased comments on Twitter....

October 12, 2010

2.

Ask a Scholar: What is the True Definition of Latino?

What does it mean to be Latino? Are only Latin American people Latino, or does the term apply to anyone whose language derived from Latin?...

May 26, 2010

3.

10 Reasons Not to Go to College

A sampling of arguments for the idea that college may not be for everyone....