INDIANAPOLIS (WISH) — Here is a look at Monday’s business headlines with Jane King, who has the latest on college nonpayments, Paramount’s lawsuit, and Indiana’s ranking on “best fall foliage” charts.
‘Bank of Mom and Dad’ to the rescue
Parents are withdrawing funds from the “Bank of Mom and Dad” as the cost of raising kids climbs.
About 37% of parents with young children expect financial support from their parents or grandparents over the next year to help cover everyday expenses, according to the results of a new Bank of Montreal survey.
Rates of college nonpayments
There are at least 500 colleges and universities across the country where at least 40% of students fail to pay their federal student loans, according to a new report — sticking U.S. taxpayers with the bill while the schools cash out.
Some schools — like a construction training center in South Carolina or Legends Barber College in Texas — have nonpayment rates of 70-80%, according to a new analysis from NPR…