There was a recent article in the Parenting section of the Washington Post. Basically, it was that the student had been accepted into his/her first choice but can't go because can't afford it. I guess I'm confused - I certainly understand parents not having full cash on hand and I understand not getting scholarships or that kind of aid, but can't you as the parents or the students get loans for college, even if you make on paper, quite a bit of money? Or can you make too much to qualify for loans, either as yourself or the kid? If so, are you out of luck because you don't have the cash saved and can't take out loans? I'm not saying that taking out a lot in loans is a good idea or bad idea - but I assumed it was an option if my child got into a very expensive school, no matter what the financial aid package was from the school.
↧