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60 percent of parents say they'll go into debt for kids' college

But almost the same percentage say that doing so make is harder to keep up with their other financial obligations.

By Marlene Y. Satter | Updated on June 17, 2016
Student loan debt is endangering the retirement of millennials, who are paying off those loans at the expense of their own retirement savings. (Photo: Getty)

As if student loans aren’t taking enough of a toll on the younger generation — those actually heading for the halls of higher learning — their parents might also be in hock up to their eyeballs before the kids collect those very expensive sheepskins.

That’s because 60 percent of U.S. parents say they’re willing to go into debt to pay for their kids’ college education — and that’s with 58 percent of parents saying that doing so makes it tougher to keep up with all their other financial obligations.

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