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HOME :: RESEARCH :: DEBT :: NEWS:: MAY 2007

You don’t have to major in math to see how expensive it is


Beverly Usher is fearful that as she prepares to send her daughter to college, she’s simultaneously putting her on a steppingstone into financial quicksand. ‘‘I feel what we are doing is handing her a Visa card with $120,000 of debt, without the interest, and saying ‘Here you go,’’’ said Usher, a Plymouth resident.

‘‘There is a flaw in the system. There is so much wrong, that it’s so expensive. It’s killing me, that she is going to take out this money for a college education,’’ Usher said.

Usher is hardly alone in fretting about debt incurred with obtaining a college degree.

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