"DEAR JOYCE: My nephew's college plans are uncertain. His mother says a small scholarship and student loans can pay for a local private college with a $35,000 annual tuition. When I suggested he start out at a two-year public community college ($2,500 yearly tuition) and later transfer to a state university, she dismissed the idea as 'graduate high school.' Your opinion? -- V.M.
Debt loads for graduating college students are at a record high. The average recent college graduate with debt owes a total of $21,000 -- and the payback figure can be as steep as the high fives. (Debt totals for graduate and professional studies are another jaw-dropping story; research student debt and you'll see what I mean.)"
