[quote=Scarlett]
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.[/quote]
First off, what’s the chances of a HS graduate being able to save enough money to pay for 2 years of college? Secondly, with student loan rates being so low and students don’t have to pay them off until they finish their school, why not get the loan? The likelihood of them pay off those 2 (would have been postponed years) with a BS/BA degree is much easier than a HS diploma.
I’m not sure you’re aware, but your 2nd post still basically said only well off families should have the opportunity to send their kids to good schools. Most good schools are in expensive areas. Well off families already have education accounts for their kids, so student loans are not needed for them. Restricting student loans = restricting # of lower income student the ability to achieve at their maximum potential. Which would only widen the economic divide (the rich will only get richer and the poor will only get poorer). Even in this great recession, white collar unemployment is much much lower than their blue collar counter part.
Why are you encouraging students get higher rates loans than student loans?
We’re not talking about Ivy Leagues here, but great public schools like UCB, UCLA, UCSD, UIUC, etc.
