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College loans & people in those offices

Submitted by Guest on March 23, 2008 - 10:46.

I really wish I could go back & tell myself in college to not take out those loans. Wonder if the people in those college offices get a kick back or something on the loans… or do they just have no concept of reality & finances?

Colleges need students to bring in money -- people who don't enroll don't contribute any tuition, fees (bigger than you think!), room and board, etc to the operation. People in "those offices" are there to get students enrolled and keep them enrolled. There is NO personal or institutional incentive to discourage students from enrolling and/or borrowing. Some people might be better off working more, enrolling for fewer hours, and borrowing (much) less. People in "those offices" are NOT financial advisors - they are "selling" education.

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