🚀 go-pugleaf

Elat Lerner wrote:

> The student loans program seems to be geared towards the "have nots".
> Apparently, you cannot get a student loan if your parents are considered
> to be "haves". And again, I am really not familiar with details, those
> who do qualify for loans get them at very generous
> interest rates/ forgivable portions (?), not to talk about the thousands
> who promptly declare bankruptcy as soon as they graduate.

When I went to university back in the late sixties, I applied for a
student loan, more or less out of curiosity.  I received not only a
generous loan but a grant!  I lost almost all of the grant because my
scholarship was subtracted from it, but I banked the loan, which I
didn't need. The next year much the same thing happened.  The third year
I decided to use the money to travel Europe for 14 weeks.  Once I
graduated, I waited the six months of interest-free time, then paid the
loan in full.  I must emphasize that I told the truth on the application
for all questions.  I guess I just never realized how poor we were, or
maybe it was that I didn't drink mass quantities of beer.

It's 30 years later so maybe things have changed.