Dollars and Sense: Loans and Paying for College

October 15, 2008 8:15:45 AM PDT
How is the economic crisis impacting your ability to get a loan? Deborah Lucas, Professor of Finance at the Kellogg School of Management, answers viewers questions on ABC7 News This Morning on Wednesday. "Is the government going to look into a way in which people with student loans can refinance their consolidated debt?"

For those who have been saving for many years for college for their children who were planning on using those funds in the next year or two. Having invested in mutual funds/529 plans, these all have been hard hit. What advice do you have for parents? Pull and take what you can? Or get loans and payback when the markets recover?