<p>I read the article this morning and wondered how much college debt the parents were carrying, as it only addresses student debt.</p>
<p>I don't know whether to say LOL or COL (cry out loud), Weenie! I would think that there are an awful lot of private loans, Parent Loans, and home equity loans out there! I know that one out of state public told us that we could take out parent loans for the entire COA (28,000)!</p>
<p>I thought the same thought, Weenie. I would be interested to hear how much total debt the family (including student) is taking out for education.</p>
<p>This article clearly shows almost all of the loans have been Federal loans. Until recently the interest rates were low and these loans were attractive. Now that rates have gone up, it will be interesting to see if the amount of borrowing declines.</p>
<p>I am a student and the same thing happened to my parents as northeastmom. I applied to ASU as an out of state student...and my EFC is 0... and my parents and I were to foot the entire bill (27,500) by PLUS loans...needless to say that school was definitely out...</p>