Federal loans, what??

mom2collegekids
Wed, 04 Aug 2010 19:34:30 +0000

It seems like a lot of the people in this position on CC only compound their initial mistake of falling in love with an unaffordable school by taking out huge loans for the freshman year while planning to transfer for the sophomore year.

Do you think that is what’s going on? I’ve wondered that a couple of times. In other similar cases, I have wondered if some students are just so desperate to at least go to their dream school for their freshman year, even if there’s a good chance that finances will fall apart after that.

If this is what’s going on, is it because they don’t want to “lose face” as seniors in high school and have to tell their classmates that they won’t be going to their dream school? Is it that they only have their eyes on the first year? Is it that they’d rather quietly leave the school later?