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Reply to "Parent expecting me to pay back parent plus loan"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]She got the loan because you wanted to go to some expensive school, and they would not allow you to take a loan. Pay the loan, and stop whining. That is the way it works; they won't allow YOU to take the loan and if she didn't take the loan you could not go to that school as they had no money to pay for your tuition. Mom is right, you are a user.[/quote] Exactly this. But more broadly, it sucks our students have to deal with this just to get an education[/quote] I completely agree with your statement. Students should not have to mortgage their lives to get a college degree.[/quote] Nobody has to "mortgage their lives to get a college degree". Every state has good schools that are currently at MOST $35-40K. Most states have plenty that are only $25-35K. A student works summers, breaks, and 10 hours per week PT during the school year. That gives them $10-12K towards college. They also take the $5-6K Federal Student loans each year. So the student now has $16-18K towards a year of college. That leaves 9-17K for the parents to figure out. Or the student who cannot afford that finds a place that will give them enough merit to bring down he price. See how that works---nobody needs to take $40K+ per year in loans. The kid takes $27K total for all 4 years, and the parents need to figure out how to pay for 10-20K/year for college. If that is too much, the kid chooses somewhere more affordable. They shoudlnt' mortgage their lives. [/quote]
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