<p>The parents didnt do their due diligence when they signed those loans because they assumed their child could pa them. Another reason why parents income needs to be considered when being approved for these large loans.</p>
<p>I dont know how much the parents are earning, but it is probably equal or greater than what the student would be earning just out of college. So, if they know that they cant afford these payments why did they think their child could???</p>
<p>I know this sounds awful, but the parents (the real adults) need to get stuck with some of these loans for not doing their job. the student might suggest that they split the loans. </p>
<p>Seriously, theres no way this student is going to earn enough to pay these loans back unless she can live at home for free for a very long time.</p>
<p>There was thread a couple of years ago people (who were paying back large student loans) made posts concerning at what point they were sick and tired of making big loan payments. Even some who were paying back modest student loans chimed in. It seemed that there was a consensus that by the end of the second year, the posters were regretting their loans and were tired of seeing such a chunk of their earnings going for payments.</p>
<p>That is what I fear for this student. Can you imagine going to work at some modest paying job, and then seeing nearly all your earnings going for student loans? You’d stop wanting to work.</p>