3 ms·
When I was in school the loans were called stafford loans: https://en.wikipedia.org/wiki/Stafford_Loan https://en.wikipedia.org/wiki/Stafford_Loan I guess they
by zactato 5y ago
When I was in school the loans were called stafford loans: https://en.wikipedia.org/wiki/Stafford_Loan https://en.wikipedia.org/wiki/Stafford_Loan
I guess they've since changed to https://en.wikipedia.org/wiki/Federal_Direct_Student_Loan_Program https://en.wikipedia.org/wiki/Federal_Direct_Student_Loan_Pr...
They are very much for private schools. There's no real limit on them. They tend to cover the difference between what a family can pay and what the tuition is. They're generally low interest and you don't need to start paying them back until you're done with school.
Since the loans always cover the difference the impact of tuition costs going up isn't immediately felt
- dpierce9 5y agoThese are for college, not high school. Private high school costs have gone up as fast or faster than college. This cannot be explained by the availability of federal loans.