He took out parent PLUS loans to fund their education and told Insider he now has $550,000 in debt.
Clark was preparing to pay for his five kids' education as part of a two-income family, but he and his wife divorced in 2011.
Just a few years later, when the children started going to college, he decided to turn to federal loans to finance their education himself.
Parent PLUS loans, the type of loan Clark is paying off, are federal loans that let parents pay for their children's education.
Clark says he wanted what was best for his kids, and parent PLUS loans allowed him that opportunity.
Persons:
Reid Clark, —, Clark, isn't, Andrew Gillen, It's, Joe Biden's
Organizations:
Service, Parent, Texas Public, Foundation, Yahoo Finance
Locations:
Pennsylvania, East