The new indentured servants.
I advice any and all of my nieces and nephews who will listen not to get any form of student loans.
I further advice their parents not to become co-signers on such loans.
You are better off WITHOUT a degree, then to be saddles with the debt.
There is only one reason to get a student loan. To motivate your student. Tell him or her they will be getting a student loan to cover this next year, but if they work hard and get good grades, you will pay it all off at the end of the year. If they don’t.... It’s on them.
Don’t forget to advise the parents NOT to co-sign for their snowflakes’ college apartments. Guaranteed one of the roommates won’t pay and the apt. management will come to snowflake’s parents for the $$$$$. If the roommates continue not to pay, you know who is going to have their credit rating ruined. And don’t take, “but, but, it won’t happen!” because it will and they’ll be stuck holding the bag. If snowflake can’t stay in the dorm, then it’s up to snowflake to get a job and pay for his own apartment.
1. Go to affiliated Comunity College for first two years while living at home and working part time.
2. Matriculate to state college system for years 3 and 4 while continuing to work part time (full time in summer).
3. Take a year off and work full time if necessary.
4. Actively apply for every scholarship that applies to you.
Most can achieve a bachelor’s degree with no debt.