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College and University Discussion
Reply to "Question a out paying for college and availability of student loans"
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[quote=Anonymous][quote=Anonymous] In sharp contrast to the inexpensive cost of my loans, a relative recently graduated from a comparable college to the one I graduated from. She is more than $100K in debt to the federal government. She will not receive her diploma form the college until she has paid up what she owes the college. She has credit card debt of $20,000. She has her diploma but is 24, no job and without a W2 cannot go to a loan consolidator so will probably have to declare bankruptcy. Her college was approx. $43 a year. $43K x 4 (or 5 years in this case, as is common as you must know) is $215,000. My total for college was probably $16,000 - I don't remember what portion was covered by scholarships and what portion was loan but I carried it all myself. The monthly payments for college and for law school were incredibly reasonable..[/quote] can the college legally withold her diploma? How is she supposed to get a job without it? What if she was to study further? Would the school allow that?[/quote]
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