Patricia Rizzo, 62, owes government entities more $126,100. But what become as the a good investment inside her daughter’s coming try impacting her own prospects.
A divorced mom, she brings in around $forty,000 per year doing work from the a drugs rehab medical center when you look at the This new Jersey. She hopes so you’re able to in the future over a drug guidance degree that can raise their salary but acknowledges she’s from zeroing aside the girl harmony.
She touches a growing selection of moms and dads sixty and older exactly who are slowing down its senior years because of Moms and dad Plus financing, a program one were only available in early eighties to assist parents pay for its child’s college educations. (more…)