Salvaging the College Dream

This report discusses the trade-offs recession-hit families are making to sent their children to college.

Salvaging the College Dream

By now, many high school seniors have gotten either thick or thin envelopes from the colleges of their choice, indicating acceptance or otherwise. But the more urgent question for parents these days is not, “Did you get in?” but, “Where will we find the money?” Sending children to college is considered a basic among many families—it is part and parcel of the American Dream, even a source of personal satisfaction. While debt has been part of the college experience for a long time, parents who have seen their 401 (K) accounts drop to new depressing lows...

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