As if student loans aren’t taking enough ofa toll on the younger generation — those actually heading for thehalls of higher learning — their parents might also be in hock upto their eyeballs before the kids collect those very expensivesheepskins.
That’s because 60 percent of U.S. parents say they’re willing togo into debt to pay for their kids’ college education — and that’swith 58 percent of parents saying that doing so makes it tougher tokeep up with all their other financial obligations.
The Foundations for the Future report, latest in its Value ofEducation series from HSBC Group, found that most parents wouldcompromise their own financial well-being in order to finance theirchildren’s higher education.
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