High EFC, but want loans!

hsmomstef
Fri, 16 Mar 2007 09:07:52 +0000

you are correct – I forgot that. I do know that many campuses offer non-need based work-study, so that would be an option.

I just think a small part-time job is a better option than loans. From personal experience and from reading numerous posts on this forum, kids find it too easy to take out loans. They may have a “stake” in their educational purchase, but it is too nebulous. it is too easy to take out the max loan so that they can purchase the “necessities” of new shoes, pizza and an ipod. When you have to work to make that money, it makes you think a bit more – “if I buy those $100 shoes, that is my whole paycheck for two weeks so maybe it isn’t worth it”.