7 Pitfalls to Avoid When Paying for College

Don't borrow to the hilt or sidetrack your retirement for the sake of a college degree.

You've heard the stories about students who borrow $40,000, $60,000, $100,000 to get a college degree and discover upon graduation that the monthly payments are way too high to manage. And then there are parents who stretch to the breaking point to send their kid to a school they can't afford.

SEE OUR SLIDE SHOW: 7 Smart Ways to Pay for College

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Jane Bennett Clark
Senior Editor, Kiplinger's Personal Finance
The late Jane Bennett Clark, who passed away in March 2017, covered all facets of retirement and wrote a bimonthly column that took a fresh, sometimes provocative look at ways to approach life after a career. She also oversaw the annual Kiplinger rankings for best values in public and private colleges and universities and spearheaded the annual "Best Cities" feature. Clark graduated from Northwestern University.