How much are your loans?

mom2collegekids
Thu, 06 Jan 2011 00:32:18 +0000

Why would parents be so nutty as to agree to such Plus loans? The student mentionings having younger siblings, so that means these loans will be outstanding while THEY need to go to college. So, what’s to happen then? The parents will tell younger siblings…sorry, we can’t help you at all because we still have these huge outstanding Plus loans from when your older sibling went to school. Absolutely crazy.

It doesn’t matter if the student “promised” to pay these loans back. If the student cannot earn enough to support him/herself after graduation AND pay these loans, it’s going to be on the parents’ heads (which frankly they deserve for going along with this (fill in the blank) idea.

Do NOT go back to NYU this next semester. Go home and enroll at your local CC. Get your AA there and then commute to your local state school. If you stop this train wreck now, you might manage to graduate without life-crippling debt.

I do agree that there should be restrictions on borrowing, but nothing can prevent (fill in the blank) parents from helping their children ruin their lives.