Should a parent cosign for a private student loan?

Elleya
Mon, 23 Jul 2012 13:18:31 +0000

'fraid not. If I was i’m not sure i’d be so worried about all of this, haha. My mom says our family gross income is 91k/yr. Too bad we live in an area with a high COA and have over 5k/yr in medical fees, yada yada. As my mom put it, “we look good on paper but in reality we are just living like many other people, paycheck to paycheck,” so that’s how it is.

I take it the ACT essay is similar to the SAT essay?

And yes, the fees are nutty indeed! Basically they amount to about 1/2 of the whole shebang, the other half being room & board. I remember how psyched I was for the tuition waiver, only to find it covers 1.5k. I’m definitely glad I got it but at the same time it’s…not as epic as I thought it was.

At least we’re spared from paying for insurance, har har…