• SOURCE: Prudential Financial

Paying The Price Of Higher Education



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ANCHOR LEAD: As the cost of college continues to outpace inflation, paying for higher education can strangle a family's finances and leave graduates swimming in debt. Brian Osuch more. (:60) SCRIPT: Newsbreak, I'm Brian Osuch. Seventy-percent of college graduates leave school with debt averaging thirty-three thousand dollars each according to "Prudential's white paper, Paying for College – A Practical Guide for Families". That's why Caroline Feeney, president of Prudential Advisors says seek out all resources before resorting to student loans. CUT: (Feeney) It's essential to figure out how much debt you can afford before taking on burdensome loans. Working with a financial professional may save you time and money. They can give you a framework to weigh each financial decision in relation to its short and long-term effects on your overall financial goals. SCRIPT: Feeney says there's a variety of aid available, including grants, scholarships, tax credits and tax deductions. CUT: (Feeney) Investing time with a financial professional who can help guide them through their resource planning can help alleviate some of the stress associated with understanding the process. SCRIPT: For more, go to Prudential.com/payingforcollege. That's Newsbreak from Prudential. "Prudential Advisors" is a brand name of The Prudential Insurance Company of America and its subsidiaries. All are Prudential Financial companies located in Newark, NJ.
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