I thought parents had to co sign for loans.
When did that change??
They probably did co-sign. But if the parents are just as broke it doesn’t matter.
People taking out these loans aren’t wealthy. The banks give the loan because it’s government insured. The government insures it because they don’t want only the wealthy to go to college.
Parents do not sign for Federal Stafford student loans. Any parent who signed for a parent plus loan is a fool.
They do if the kids are under 18.