NAICU - Parents Snared in $100 Billion College Debt Trap Risk Retirement

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Parents Snared in $100 Billion College Debt Trap Risk Retirement

Bloomberg News

February 2, 2012

It's not just graduates who are staggering under the weight of educational loans. Parents, too, are borrowing record amounts to put their kids through college, jeopardizing their retirements. With the housing crisis, many families can no longer avail themselves of one popular option for financing university studies: taking out a second mortgage.

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