<p>One of the worst things a parent should do is to threaten their retirement income in order to send their kids to an expensive college. Your retirement needs to come first. </p>
<p>One parent said to their kids - Oh, sure I can take out PLUS loans to pay for you to attend Prestige University, but then make sure you have a spare room for me in your house, because that is where I’ll be living after I retire. Oh, and I’ll demand that the thermostat set at 78 degrees.</p>