High EFC, but want loans!

NikkiiL
Thu, 15 Mar 2007 19:40:34 +0000

Samsmom, I think you are thinking very smartly about your child. Too many times I see children graduating from college with no concept of financial responsibility. As long as the loans are small…it will be a good lesson in financial planning before your child becomes so immensed in debt that her credit is forever ruined.

It also helps the children realize the importance of their education. Sometimes, when the education is handed to the child, they do not take it seriously enough to excel. Many of our students who have to take their own loans and work during the summer seem to focus more energy on getting good grades instead of building their social life.