<p>What do ppl do if they don’t qualify, but want to go to a good college. Do these colleges seriously expect us to be able to cough up 45 thousand a year just like that?</p>
<p>if you don’t qualify for aid, then yes they expect you to be able to pay.</p>
<p>You apply for loans…you don’t write a check for the expense. You can get various types of loans and that is what many families do.</p>
<p>What’s the longest period of time you can have to repay a school loan? Depending on how much you borrow, you could easily have several hundred dollars loan repayment per month.</p>
<p>Another option is to go to inexpensive state school (in-state or out-of-state) & transfer for your last 2 years or so. You would still get the “prestige” diploma, but could save A LOT of money. Others graduate from less prestigous state schools & then go to a prestige grad school.
Some folks DO graduate owing a LOT of money. My niece’s boyfriend owes $60,000 at the moment & is in his last year of law school. My friend’s son went to USC for undergrad & came home to U of HI med school (where he’s still a resident) because it’s MUCH more economical. His family have already taken out loans for USC (& he personally did as well) and still have two other kids to send to college.</p>
<p>Folks CAN end up with a mountain of educational debt. Some schools DO limit how much debt students can take, but many do not appear to have limits. It’s up to families & students to decide what trade-offs they are willing to make in the name of education & prestige.</p>