academics for accepted MT students

soozievt
Fri, 29 Jun 2007 11:55:52 +0000

It is very important to consider what is involved in paying off the loans. If a student is taking out loans, they need adult guidance regarding how much is feasible in terms of future monthly payments. I just want to add that not everyone chooses to have the student take out the loans. An alternative is Parent Plus Loans. We have chosen to take on the debt for our children’s education by paying their student loans off and using Parent Plus loans for the part we can’t pay upfront and which is not covered by the scholarship grants. A high debt for a student would be very difficult. A family has to decide who will incur the loans to pay for college and work out how they wish to handle financing an education. Once financial aid packages are given, a family has to decide which college they can afford to finance with payments that will be more realistic over the long term.