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[quote=Anonymous]Many years ago. I ended up going to a good private college, and the way we made finances work is that I took out loads of student loans and worked a job during the school year to pay for living expenses. My parents also helped out by loaning me money to pay for rent. This was hard, and I left college with lots of debt, but I meant I could pay for a very expensive college without any scholarship money, even though there was no way my parents could afford to pay for college for me.

Is this approach still available to high school students these days? In other words, could a smart middle class kid admitted to a top Ivy League university essentially finance his college education via student loans?

I'm not asking whether it's a smart move or not, because I know exiting college with huge student loans is daunting. I also recognize that a student coming from a middle class background may need to be more risk averse than a comparable student from an upper middle class background, since there will be less family support to rely on in times of trouble. There are also other reasons a middle class student might choose a cheaper college even if admitted to a top Ivy League school.

But for the student hoping to maximize his/her college education, are student loans just as available now as they were 25 years ago?

TIA. [/quote]

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