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Money and Finances
Reply to "We are not saving for college"
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[quote=Anonymous][quote=Anonymous]Question here - if your parents' income is too high for financial aid, can't you still get loans? No one wants to do this, but it seems like the reality for most these days. I come from a truly poor background, and I still had to take out a good amount of loans.[/quote] I don't know if it's changed, but when I went to college (in the mid 90's)--I could only qualify for the non deferred loans (I think that is what they were called?)--meaning I would need to make payments while I was still in college, instead of waiting until after graduation. I don't know what my parents income was. My dad was a physician, so I'm assuming it was at least $150,000 a year--but they refused to tell me how much it was. They also refused to pay for my education. I worked while I went to school--for most of my college years I worked full time in a grocery store (40+ hours a week) and went to a state school which had very reasonable tuition. I also went hungry often, literally.[/quote]
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