We paid for our daughter’s education. Now we’re $92K in debt.
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When Lauren’s daughter wanted to go to college, there was no question–she was going to be allowed to go wherever she wanted. For Lauren—who is a teacher—a good education was worth the price. But after helping their daughter through college and graduate school, Lauren and her husband are staring down nearly $92,000 in Parent Plus Loans and wondering what that debt means for their future. Michelle sits down with Lauren to figure out how the couple should tackle their loans, where they can cut back, and whether they can help their daughter with some of her own student loans. 00:00 Welcome to Dollars & Sense with Michelle Singletary 01:00 Meet Lauren: A Mom Facing $92K in Debt 04:33 Paying for College While Managing Life's Expenses 06:26 Was Out-of-State College Worth the Debt? 10:33 Why Her Daughter's Education Was Worth the Sacrifice 14:05 The Money Conversations Parents Avoid 15:21 Debt Dash: Breaking Down the Numbers 20:00 Credit Cards, Eating Out, and Hidden Expenses 23:47 Michelle'
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