Quote Originally Posted by dsirkle View Post
You ask to borrow the money, they lend it to you with a deferred payment plan at low interest. What is the rip off part?
When you borrow 10K and end up paying about 30K. I just think they make a lot of money off of them. And, it is the only thing that you can't write off on bankruptcy if life goes terribly wrong.

I understand with a college degree you should be in a higher paying bracket, and that's why college is so expensive. It just doesn't always work like that. Anyone should be able to go to school. I could only go for 3 yrs and they wouldn't loan me anymore because my parents made too much money. Even though they were in debt themselves. So I borrowed 5K for each semester, and owe about 40K.