Alliance Bernstein is an investment company. On their website some interesting facts can be gleaned about how American parents plan to pay or help pay for their kids college education.
There are four ways:
4. Get a second mortgage - 47%
3. Take a second job - 59%
2. Take out a personal loan - 62%
1. Postpone retirement - 66%
What about have the kid work a part-time job, get a student loan or a combination of both? I workded my sizeable tail off to pay my tuition while I commuted from home. Thank goodnews the tail grew back...albeit a bit too much.
How about your, how do you plan to pay for your kids college expenses? Or do you?
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