They are student loans that the parents take out for their kids, yeah. Because they can’t lend kids enough foot their own bill.
When you sign up for college, loans for the student and parent are the default assumption. We had one kid so far go to college, two more didn’t, and two more are a few years away from that. We couldn’t afford 150k in debt (that’s nearly what my house cost!) to take out loans for all of them equally, so we had to tell them we wouldn’t help any of them.
What you paid for university is less than what my step-son, who recently graduated with a nursing degree, pays every month in student loans, and a huge chunk of his college was paid by his dad’s military service.
They are student loans that the parents take out for their kids, yeah. Because they can’t lend kids enough foot their own bill.
When you sign up for college, loans for the student and parent are the default assumption. We had one kid so far go to college, two more didn’t, and two more are a few years away from that. We couldn’t afford 150k in debt (that’s nearly what my house cost!) to take out loans for all of them equally, so we had to tell them we wouldn’t help any of them.
What you paid for university is less than what my step-son, who recently graduated with a nursing degree, pays every month in student loans, and a huge chunk of his college was paid by his dad’s military service.