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but why aren’t their parents price sensitive
by whimsicalism 2y ago
but why aren’t their parents price sensitive
- pstrateman 2y agoTheir parents aren't making the decision. They can borrow the money all by themselves.
- whimsicalism 2y agoi am curious how much borrowing against parents wishes actually occurs
- ourmandave 2y agoUndergraduate dependents of parents can only borrow $31,000 across their entire tenure. First year cap is $5,500. Independent student loan limit is $57,500 total. First year cap $9,500. https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized https://studentaid.gov/understand-aid/types/loans/subsidized...
- pstrateman 2y agoThat's only loans directly from the feds. Most people borrow money from private lenders as well.
- bee_rider 2y agoThey are a little price sensitive but probably not fully rational, everybody has rose-tinted glasses about their kids’ potential, right?