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All I can say is that my husband had no father, a mother who didn't even drive let alone work, and he had to go to a local state school. He got a job, paying very little, worked hard, saved and turned himself into a successful buisness man. Of course this boy had problems, of course the loan companies will max you out....but growing up is about making choices and then having to live and grow from our mistakes. If they wouldn't have given him the loans then everyone would be screaming that agencies only give loans to people who don't need them. Educate the kids when they are young, let them know how fast debt adds up- and to think and act fiscally responsibly. I have a rather wealthy friend whose son went to Yale, he wanted to go to Grad school, they told him to go work for a year and save and then they would consider how they would help him. Sometimes parents need to bite the bullet and say no, or give the tough love guidance we are so afraid to give!
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