On September 3rd, Craig Bolanos joined the Business First AM show with Angela Miles to discuss the enormous number of parents caught in a college cash-crunch and how to get out. Craig explained that parents are over $89 billion in student loan debt and that this crisis can prevent people from retiring. He encourages parents to educate their children to keep their GPA’s and test scores up so they may qualify for scholarships that can help pay for college. Angela also asked him about the two-by-two strategy, and Craig responded that community college is a great, low-cost way to get general studies credits. He also advised parents to select loans intelligently – both student loans, and parent loans. (Click Image To View)
*Content in this material is for general information only and is not intended to provide specific advice or recommendations for any individual. To determine what may be appropriate for you, consult your financial professional prior to making a decision.