The latest victims of the student debt crisis are parents. investinyou (In partnership with acorns.)
Tuition and fees for a four-year private college averaged
While the annual limit on federal student loans is $5,500 to $7,500 depending on your year in school, parents can take out up to the maximum of the cost of attendance with so-called parent PLUS loans to offset any remaining amount that is not covered.a November report Now, the average amount that parents borrow each year has far exceeded what students borrow — by more than double.
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