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Ever heard of the Parent PLUS loan? Yeah. That's why.

• mywittyname 10y ago
  This is even worse than traditional student loans, because it parents feel like crap for not "helping" their children. When in reality, the fact that a student needs a PLUS loan should be an indicator that their chosen college is too expensive. Eliminate Parent Plus loans. Then require colleges to guarantee to a student, before they start, that they can graduate from the program on time for the maximum amount of student loans they will be granted. This prevents students from going to an expensive university and ending up in a financial bind two years in.