Painful Choices as College Bills Wallop Families
by Philip Shishkin
The day after Thanksgiving, Glen O'Brien had bad news for his two children, who were visiting from college. With his electronics business pummeled by weak demand, he told them he couldn't afford to keep paying their bills at New York University. As the economy shrinks, joblessness expands and small-business owners lose income, many students and their parents are struggling to make payments for the second half of the academic year, which are typically due this month or in January.
Wall Street Journal, 12/12/2008