Washington D.C., Apr 15, 2021 / 18:30 pm
Five years ago, a Catholic family of 16 made international news for sending their children to college without any debt – and now the parents are offering their financial advice in a book.
Sam and Rob Fatzinger, parents of 14 children who live outside Washington, D.C. in Bowie, Maryland, authored the book “A Catholic Guide to Spending Less and Living More: Advice from a debt-free family of 16.”
In an age of credit card debt and zero-down purchases, the debt-free Fatzingers might appear as a cultural phenomenon. They paid off their mortgage in fewer than 13 years. Their children attend community college for two years – “half the price” of other colleges, Rob said in a 2017 interview with EWTN Pro-Life Weekly – before transferring to a state school for their bachelor’s degree. Yet while living near one of the most expensive cities in the United States, the Fatzingers remain debt free.