It’s just scary to think what college will cost for anyone with kids (that would be me) by the time they graduate from high school.

Young graduates are making the equivalent of mortgage payments now.

Excerpt : ” Students with no credit history and no relatives to co-sign loans (or co-signing parents with tarnished credit) were willing to bet that high-priced loans were a trade-off for a shot at the American dream. But high-paying jobs are proving elusive for many graduates.

“This is literally a new form of indenture … something that every American parent should be scared of,” said Barmak Nassirian, associate executive director of the American Association of Collegiate Registrars and Admissions Officers.

If you’re a parent, what’s your plan?