'Save your brains out' if you want your kids to attend college

Published: Friday, March 9 2012 1:00 p.m. MST

Students study at the Marriott Library at the University of Utah. Parents wanting to send their children to college in the future may need to start saving soon.

Tom Smart, Deseret News

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A presentation to the University of Wisconsin System's Board of Regents on Thursday covering student costs and financial aid might've been somewhat frightening to people wanting to sent their kids to college in the future, according to the Capital Times.

"Save your brains out," Susan Fischer, director of financial aid at UW-Madison, told the Capital Times afterward. "I'm not going to say how or where, because I'm not a financial advisor. But start saving now."

The rising costs of getting a degree and college debt have become a commonly talked-about issue of late, according to the article. President Barack Obama has told higher educational leaders they need to find ways to make college less expensive. Earlier this week, the Federal Reserve Bank of New York reported that young people now owe more on student loans ($870 billion) than Americans owe on credit cards ($693 billion) or auto loans ($730 billion).

Click to read the entire article at the Capital Times.

EMAIL: bbullock@desnews.com

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