Presidential candidate Mitt Romney understands just how important a college education is for success. That’s why he’s encouraging students to do everything they can to get one.
By borrowing money from their parents.
Yes, that’s the big “risk” he says students should make in order to finance college. On the one hand, yes, that does leave them without the onerous task of paying off huge student loans, especially in a market that is less than kind to new graduates and other young workers.
But there is one major problem — most parents are already struggling as it is to make ends meet. Finance their children’s college education on top of that? Highly unlikely. And even if they do have extra funds over the day to day expenses, shouldn’t they be trying to save for their own retirements, so they don’t end up bankrupting their own children in their old age?
In fact, every financial adviser out there encourages parents to be certain their own financial future is prepared for before helping out their offspring. Which means that once again, Romney is off in his own land, where parents have enough money to meet all financial needs from the every day, to investments, to tuition payments and on.
Sadly, most of America doesn’t live there with him.
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