College Confidential - View Single Post - Student loans surpass auto, credit card debt

dogears · 03-08-2012, 11:37 PM

a my son was just admitted to a great school with 25k scholarship and no financial aid, income about 100k but i live on long island pay taxes and cant get subsidized loans, i can get a useless 5k unsubsidized loan at 7% thats more than a used car loan.Tuition about 58k with 25k scholarship is any education worth 31k/yr out of pocket.Maybe gov could offer everybody 3% loans to cover inflation and take into consideration where they live when doing fasfa.Never carried debt,no big vacations,always made responsible purchases,but at 100k on long island,just surviving.

03-08-2012, 11:37 PM	#53
dogears New Member Join Date: Mar 2012 Posts: 9	a my son was just admitted to a great school with 25k scholarship and no financial aid, income about 100k but i live on long island pay taxes and cant get subsidized loans, i can get a useless 5k unsubsidized loan at 7% thats more than a used car loan.Tuition about 58k with 25k scholarship is any education worth 31k/yr out of pocket.Maybe gov could offer everybody 3% loans to cover inflation and take into consideration where they live when doing fasfa.Never carried debt,no big vacations,always made responsible purchases,but at 100k on long island,just surviving. Last edited by dogears; 03-08-2012 at 11:49 PM.
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