Paying For College With A Credit Card Is A Bad Idea, But...

Credit cards. Retirement funds. Home equity. All should be last resorts for families seeking funds to pay for college. But amid the current credit squeeze, a new poll indicates many parents and students are making these less-than-brilliant financial moves to pay for tuition. One in five parents borrowing money reported either taking out a second mortgage of more than $10,000 or charging some portion of college expenses to a credit card. Many parents and students say they have little choice other than to deplete their savings or grapple with high interest rates down the road. Read more at:
http://www.time.com/time/nation/article/0,8599,1834160,00.html