WSJ: College Debt Hits Well-Off

Parents Forum
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<p>"According to a Wall Street Journal analysis of recently released Federal Reserve data, households with annual incomes of $94,535 to $205,335 saw the biggest jump in the percentage with student-loan debt from 2007 to 2010, the latest figures available. That group also saw a sharp climb in the amount of debt owed on average."</p>

<p>I imagine a lot of families are looking at state universities these days even as state universities are cutting [quality] like mad and increasing fees to deal with lost stimulus funds that states aren't restoring from their funds.</p>

<p><a href="http://online.wsj.com/article/SB10000872396390444246904577575382576303876.html?mod=WSJ_hpp_LEFTTopStories%5B/url%5D"&gt;http://online.wsj.com/article/SB10000872396390444246904577575382576303876.html?mod=WSJ_hpp_LEFTTopStories&lt;/a&gt;&lt;/p>

2

<p>I’m of two minds on this. One side laments that college costs have gotten so high that even well-to-do are unable to fund their childrens’ educations. The other side rejoices that a new way of funding college educations must certainly replace the current model … which is clearly unsustainable.</p>

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<p>There’s another thread on this in the Financial Aid forum at <a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1376676-wsj-college-loans-hit-upper-middle-class-hardest.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/1376676-wsj-college-loans-hit-upper-middle-class-hardest.html&lt;/a&gt; so I’m moving over there.</p>