academics for accepted MT students

Sarahsmom42
Fri, 29 Jun 2007 11:39:07 +0000

Is $60,000 in debt normal number? I know people in their late 30’s that are still trying to pay back college bills. Students need to be realistic about their ability to pay back loans before taking them out. If you are getting a degree in computer science, it may seem reasonable, but MT? Have you looked at the terms that these lenders are offering? Sure, zero percent looks great, but then you graduate and it goes up to 18, 22 or even 24%! Kids become over whelmed. They need an apartment in a city if they are going to work in MT. They have to give the landlord first, last months rent, plus a security deposit. Have you priced an apartment in NYC lately? A bus ride costs over $3.00. I would NEVER advise an MT student to graduate with $60,000 in debt.
Yes, we all want our kids to live their dream, but at some point, our “see it want it buy it society” is going to hit a wall and it’s not going to be pretty. Parents, did you know that your kids CAN NOT GET A LOAN BY THEMSELVES? No lender will give them money without a co-signer. I’m not trying to be a downer, I just think that we have to be realistic and there are a lot of people out there who just don’t get it.