True but their second child attended Manhattanville College. It’s very sad and yet they understood living within a budget except when it came to their kids attending college? Borrowing 6 figures worth of debt is then justified? They live in the NYC metro area (already a HCOL locale), the SUNY/CUNY schools had to have been a better deal tuition-wise.
The article mentions that borrowers assume or expect the government to keep them from borrowing too much yet the borrowers have a mortgage, purchased cars, understand a budget etc….why does all common sense go out the window when borrowing for college is the debt under consideration?