Why Paying For Your Kid’s College is Dumb

Published by
The Street

By Brian O’Connell U.S. households are taking on more student loan debt than ever. Mom and Dad aren’t as upset as you might think about taking on debt to get Junior through college. That’s a bet worth making, parents say. That’s also not an easy call — not when the cost of paying for college remains sky-high, with Credit Summit out with some fresh numbers on the total cost of college this week. The total U.S. student loan debt has increased to $1.75 trillion in 2022.The average student loan debt is $37,113.The total number of borrowers with student loan debt is 43.4 million.Somewhat surprisin…

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