Quote:
Originally Posted by KeepingItReal
No doubt some to many are but does it really matter? If you sign for it you should be prepared to pay it and you are saying you will pay it if someone else does not..
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It only matters from the standpoint that, by non-payment of their loans, the students are putting their parents in financial hardship. That seems to get glossed over in this issue.
More needs to be done to insure that those who benefited from the loans are more pressured to pay rather than turning so quickly to the guarantors. After all, the kids have more years to satisfy the debt.
The average student loan debt is around $25k (price of a modest new car). This is manageable if the kids had the discipline to forgo the fun things until their debts were handled, particular if that discipline got their parents off the hook.