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Not every loan is a federal loan. Additionally, federal loans almost NEVER cover the full amount of university, unless you're at a state school or community col
by magic_beans 9y ago
Not every loan is a federal loan. Additionally, federal loans almost NEVER cover the full amount of university, unless you're at a state school or community college.
My federal loans covered about 1/8 of my tuition.
- learc83 9y agoFederal loans make up 90% of all loan disbursements. The vast majority of college students only have Federal student loans. >unless you're at a state school or community college Private colleges enroll about 15-20% of students. If you don't want $100k in debt, go to a public school, or go to a top tier school like Harvard that has very generous financial aid. If you can't get into a top tier school with excellent financial aid (or your parents make too much money to qualify), you have to decide whether $100k in debt is worth it. It's not society's job to pay for private college.
- magic_beans 9y agoI'm from CA. Even with the resident discount, UCs are just as pricy as private colleges.
- learc83 9y agoUC Berkeley tuition and fees comes to about $13k per year for California residents. The average private school tuition is over $30k per year. Not sure why you think that it's so expensive. I went to school in Georgia (much lower cost of living area) and UCs are only about 15% more expensive than our flagship schools (Georgia Tech and UGA, and GSU).