Rising tuitions always had an outlet, rising property values and second mortgages. But the property values stopped rising and the banks stopped giving second mortgages.
And the colleges are getting scared. Here is the president of the Student Financial Aid Administrator discussing the issue.
"With so many people up against the wall with declining home [...]Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.
How Families Sending Kids To College Are Hurt By Housing Crisis
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