It's one of the toughest questions a parent might have to answer. With all of the acceptance letters already sent, it's a question that many parents are now forced to answer. What complicates this even more is the murky state of college financial aid: dozens of private companies have fled the student loan market making traditional sources of financing education scant. Compounding this is the housing market collapse: parents can no longer rely on home equity loans to help finance their child's education. Therefore, is it worth going into debt for a pricier, more prestigious school or will your child be fine in a more affordable one?
Read the entire article at:
http://www.nytimes.com/2008/04/19/business/19money.html?_r=1&ref=education&oref=slogin
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