<p>Have you ever heard of somebody taking out loans all by themselves for four years of college, as in an 18 year old legal adult hs student with no parental backing taking out 200,000 for all 4 years of college?</p>
<p>Yes, I have. But, it’s not exactly pleasant after graduation…</p>
<p>I suppose taking out loans in the $200,000 range IS possible, but it absolutely makes no sense to do so. This is a huge amount of debt to have when one graduates. </p>
<p>Why would this be necessary? There are less expensive college options.</p>
<p>That’s pointless, you can get grant money. College really isn’t THAT expensive, you can make it work</p>
<p>But of course this is probably someone who’s parents make enough for them to not be eligible for financial aid, but still aren’t willing to pay. So they wouldn’t be getting grant money and college would be that expensive.</p>
<p>Who would lend an 18 year old that kind of money with no collateral or cosigners?</p>
<p>the same kind of people who made subprime loans to unqualified borrowers…</p>