[quote=AN][quote=Scarlett]Then how about limiting the loan amount strictly to tuition+books – something that’s clearly quantifiable and justfied by receipts etc.? Let the students figure out how to pay for the living expenses. Maybe that would force reconsidering saving for living expenses, and also housing and location of the college.[/quote]
So, what you’re saying then is only well off family should have the oportunity to go to good schools.[/quote]
I am not saying that. One can postpone going to college ( or at least the last 2 years) and save money working while living at home. Or attend a college in town or state. Encourage real penny-pinching and responsibility for students. Work jobs while attending college. Family can help with living expenses.
Hell you can make the living expenses a loan that’s with much higher rate than student loans. There are ways. So one is more careful when borrowing for living expenses, that’s all I am saying.
But it is true that only well off families can afford to pay nowadays for Ivy League schools, otherwise it will be dumb to get a quarter mil loan just for tuition.
