Drowning in debt: A student loan crisis

By: Kristin Smith - wric.com

Whether your kids have already graduated or your little ones are still in preschool, many Americans recognize the cost of going to college is steep.

Ninety percent of parents want their kids to get a higher education, but only about 40-percent save for it, says David Lesesne, Dean of Admission at Randolph-Macon College.

In Virginia, the average college student graduates about $26,000 in debt. Paying for higher education is now so expensive, it is considered a crisis.