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6/19/2007
An article that appears in the July 2007 edition of Kiplinger's Personal Finance magazine provides information for families regarding what to consider when determining whether to borrow money to help finance a student's college education. For those who do borrow, guidelines are suggested to help decide how much is a reasonable amount, based on factors such as the parents' current savings and the student's future earnings potential. According to results of a survey conducted by a wealth-management company, many parents allocate less money for their child's college education than they do for vacations or eating at restaurants.
The article is available at the Kiplinger Web site.
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