Andrea Fuller
speaker
302 appearances
4 recordings
1 series
first heard Nov 2019
last heard Apr 2022
Andrea Fuller’s voice in public audio — every appearance, attributed to the second.
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Appearances
And now we do.
And it's actually quite astounding to see some of these numbers.
There are schools with, you know, median parent loan debt of $100,000 in that ballpark.
The way it works is if you're a student, you're 18, you're going to college, you can only get up to about a lifetime $31,000.
if you're a dependent student.
The problem is, is that a lot of colleges cost a lot more.
We're seeing a lot of schools with tuition upwards of $50,000 a year.
And now,
And increasingly, parents are having to fill that gap.
And if you don't have access to the private loan market, the government offers what's called a parent plus loan.
And there's a minimal credit check.
Most parents can get them.
Not everyone qualifies, but most people do.
And you can borrow as much money up to the cost of attending school.
college.
And so that's how you see these parents ending up with, for one student, upwards of $100,000 in loan debt because they're taking out $25,000 a year to fill that gap between what college costs and what the student is able to borrow through their own government lending program.
The schools with the highest parent plus debt aren't schools like Harvard and Princeton, the Ivy League schools that have international recognition.
They tend to be either art schools, historically black colleges, which are notoriously lacking in, you know, endowments and resources because of the history of how they were formed.
And, um,
other sort of smaller private universities like High Point University in North Carolina that may not have the brand name of somewhere like Princeton.
Showing 181–200 of 302 · page 10 of 16
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