The single most difficult financial decision a teenager will make is whether to go to college or not.
 
The average cost for four years at a private college is $105,092; the cost to commute at a four-year public college is $28,080, according to College Board, an association of 5,700 colleges and universities.
 
The average young adult graduates with $19,000 in student loan debt and thousands in credit card debt, according to a 2008 Press report entitled Young, Educated and Broke. At the current fixed interest rate of 6.8 percent, a borrower would pay about $219 a month for 10 years.
 
Here’s two horror stories to consider before you, or your child, take the plunge into such debt.