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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It seems like Cornell has crappy FA. Lots of posts on Reddit by students about their debt and financial issues.[/quote]
I guess their parents didn't tell them that it was a bad idea to take out too much loans just for college.[/quote]

Not every parent is aware or understands that, particularly if the child is a first-generation college student. Colleges often sell families a bill of goods.[/quote]
I don't know.. my parents are immigrants, uneducated, and other than a mortgage, they don't like to carry debt, not even credit card debt. All of my siblings are like this, too.

I don't think these are immigrant families we're talking about here.  Many such families live frugally and don't like to take on a lot of debt.

And this backs up my statement (I'm an Asian immigrant):

[quote]  Black and African American college graduates owe an average of $25,000 more in student loan debt than White college graduates.
    Four years after graduation, 48% of Black students owe an average of 6% more than they borrowed.
    Black and African American student borrowers are the most likely to struggle financially due to student loan debt making monthly payments of $289.
[b]    54% of all student loan debt is held by White and Caucasian student borrowers.
    Asian college graduates are the fastest to repay their loan debt and the most likely to earn a salary that exceeds their student loan debt balance.
[/b][/quote]

https://educationdata.org/student-loan-debt-by-race
[/quote]

The term “first-generation college student” means the student is the first person in their family to go to a 4-year college, not that they’re an immigrant. An immigrant could be someone who was educated in their home country, possibly even at no cost to them. [/quote]

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