Families with college kids more likely to lose their home during recessions - Science Daily

New research shows that the cost of supporting a child through college exacerbated the foreclosure crisis of the 2000s. Between 2005 and 2011, 39.9 per cent of Americans between the ages of 18 and 24 attended a two or four-year college (11.1 per cent more than in 1985). Tuition fees also nearly doubled over the same period. Need-based grants and sliding-scale tuition adjustments have made college more accessible to many people, but families still must make a financial contribution. Parents often draw from savings, earnings, and loans to cover this, and some financial advisors are known to recommend that people borrow against their homes. https://www.sciencedaily.com/releases/2018/08/180807095114.htm