Don’t Count on Your Parents to Bail You Out of Student Loans

In the 1990s, Wendi LaBorde took out student loans totaling about $75,000, but she could not repay those loans. Over time, interest accrued on the debt. In 2010, the Department of Education obtained a judgment against Ms. LaBorde for approximately $395,000–five times what she borrowed. In 2014, LeBorde received the proceeds from her late mother’s … Read more