Student Loans: What Parents Don’t Understand Until It’s Too Late
The financial aid office says:
“You can borrow the rest.”
That’s where many families make a life-altering mistake.
The Reality of Student Loans
There are two main types:
- Federal student loans
- Parent PLUS loans
The Hidden Danger
Parent PLUS loans:
- Easy to get
- Hard to repay
The Biggest Misunderstanding
Parents think:
“We’ll figure it out later.”
Real Numbers
$40,000/year gap
= $160,000 over 4 years
With interest:
👉 $200,000+
Why This Happens
- Poor planning
- Misunderstood aid offers
- No comparison strategy
Smart Approach
- Set a budget early
- Compare offers correctly
- Avoid over-borrowing
Bottom Line
Loans should be the last resort—not the plan.
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