Understanding Bankruptcy As A Parent Paying For A Child's College Education
A high-quality college education is vital for a person's overall career success. As a result, many parents are finding themselves getting stuck in difficult financial situations paying for their child's education. In many scenarios, these parents may have no choice but to declare bankruptcy as a way of protecting themselves and their children. College Costs Can Be Heavy College costs are rapidly rising and show no signs of slowing down. For example, a typical year at a state-run college will cost nearly $26,000 for a student, including tuition fees, housing, and books.