What's The Airplane Rule for student loans?

Student and college finance author/blogger Zac Bissonnette on why parents should not go too much into debt to finance their children's education:

I have what’s called The Airplane Rule: Please make sure you have your own oxygen mask on before assisting your child. Don’t loot your retirement. Short-term measures are OK, but don't take on long-term risk.

Create a More Connected Minnesota

MPR News is your trusted resource for the news you need. With your support, MPR News brings accessible, courageous journalism and authentic conversation to everyone - free of paywalls and barriers. Your gift makes a difference.