To qualify for Federal grants and loans for college, students and their parents have to disclose extensive personal financial details but if that information is hard or nearly impossible to get due to special family circumstances, does that mean a student doesn’t have a shot at getting financial aid? Not necessarily.
U.S. colleges have come a long way in recent years in helping to make college costs more transparent. It’s still tough to pin down just how much a family will owe, long after the tuition bills are due, but some new online tools are helping.
A group of Democratic senators are trying to pass a bill that’s supposed to help curb the number of impressionable teens and college students who sign up for bigger student loans than they can afford.
I wish something like that existed when I was a clueless teen.
Outstanding student loan debt now tops $1 trillion in the U.S. It’s not unheard of for students to obtain advanced degrees in law or medicine and carry hundreds of thousands of dollars in student loan debt.
It’s no wonder given the staggering amount that families and students are now borrowing to fund college educations that more people are asking: Are college educations worth that amount of debt?
The more I think about it, the more disturbed I am about the U.S. education system. I think it is right to question the need for a college education given such huge debt loads. I don’t think college is right for everyone and I especially don’t think it’s a good idea to start adult life with a mountain of college debt.