College loan markets getting ugly

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My dad told me at a young age to go to college for the same reasons I imagine a whole lot of York County tells their kids:

Get a better, more stable job than working in the factory ... and financial security.

From the bottom of the labor pyramid that supports this country, where I'm proud to say my father is, the view is that if you can get through college, you'll be on easy street.

Well, yes and no. College degrees might on average earn someone more over a lifetime, but it's far from easy street. Especially for those who took huge loans because mom and dad couldn't pay for college.

Some of those horror stories appeared in today's New York Times.

So a question for those York County parents sending their kids back to college this year: Are you worried about repaying the loans you and your children have to pay for college? And do you still think a college degree is worth the cost in today's economy?

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About this Entry

This page contains a single entry by Brent M. Burkey published on August 25, 2008 10:26 AM.

Back to school savings was the previous entry in this blog.

"I'll wake up a second grader" is the next entry in this blog.

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