| Happydays, that is a very good point regarding a performer's ability to pay back loans. In my post, however, I was mentioning loans but I should have clarified....not loans for the student. While the aid package had student loans, we plan to pay those for our child. As well, if your aid package is not enough (it never is, lol), parents can take out PLUS loans to pay for the remaining balance (up to the total cost of tuition/room/board) for their student. I am not suggesting this is for everyone but just pointing out that some parents are taking out loans to pay these tuition bills....as well as pointing out that it is worth trying for financial aid even if you are not low income because you may be surprised (unless of course, you are wealthy). Just talking of those in the so called "middle" ....the ones who don't make enough to shell out 40,000+ per year but don't think they are poor enough to qualify for aid because you very well might. Was also trying to explain that not everyone who is sending their kid to an expensive college can afford it but the option of taking out loans as a parent is there.
Susan |