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Six-figure parent loans: When college dreams for students mean nightily

Bernie Sanders and Elizabeth Warren are already vowing to do something about student loan debt. This is why the $1.6 trillion issue could play a big part in the 2020 election. USA TODAY

ATLANTA While Aaron Greene was packing to head back to Clark Atlanta University for his junior year, he stumbled upon a college bill at his mother’s house in Stone Mountain, Georgia. The number was so large that he figured it had to be a phone number.

Though his mother, Di-Anne, already had $40,000 in student loans from her own graduate school education, she has taken out $42,000 in Parent PLUS Loans for Aaron and she had kept him in the dark about the cost.

I didn’t want to give him the pressure of starting out in college, worrying about grades as well as the finances, she said. But I probably should have (told him) so that he could get a better understanding of the sacrifice that’s been made.

Six-figure parent loans: When college dreams for students mean nightily

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Parent borrowing is a sacrifice many black parents make to pay for their children’s college education, and it is especially prevalent among families whose children attend historically black colleges and universities. 继续阅读