Show 172 – The “Other Mortgage”
Student loans. I know we are all groaning right now. The dreaded student loan. Bane of recent college grads (or dropouts) and even long-
lived adults. When the Dads went to college, mostly tuition was affordable and many times loans weren’t necessary, or there were other ways they got their tuition paid. Dad Tim is different, he went back to school later and racked up some serious student loans that are around 2/3 of his mortgage. With all three Dads either having kids in college or approaching that age, what does the future look like for these young people’s lives? Tuition and boarding rules and rates are so high now that many people have so much student loan debt that it either comes close or exceeds the value of the holder’s mortgage on his home. That’s why many people call student loans their “other mortgage.” Do you have student debt? Do your kids? What can be done about it? How do you prepare your kids for it? Let us know.
The Beer of the week is Go Ask Your Father Italian Pilsner by Casita Cerveceria.
The show was recorded at The Lab at Industry Hill. Industry Hill is a business-minded neighborhood in the former Warehouse District. In the district are restaurants, a chocolatier, a distillery, two breweries, a beverage company, an entertainment complex, textiles, packaging and much more to come. To find out more follow them on social media or visit the area’s website. Thanks so much to Industry Hill for having a place for us to bring you our podcasts.
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