If you are not a rich
If you are not a rich person, there are four ways you can get your kid college education in the United States. One is if the kid got lucky enough to get a scholarship; two is if you have enough money stashed away over time to help them get it; three is if you take out a college loan to help the kid; and four, four is through an act of God. It has been a while since the American system has been surviving on credit, and that does not look like it will be changing soon. If anything, with college education also going credit-wise at this time, the trend will likely remain for a while. But whos complaining? All kinds of loans have all kinds of fees that come along with them. Don't let that bother you. What you want to worry about is the interest. If the interest on a college loan is high, no amount of reduction on the fees is worth it. Watch it carefully to see that you don't lose it, ok? College education is, for a better word, expensive. And that fact is never truer than it is about the United States right now. And that is why so many students are on college loans right now. Somehow, they do have to be able to pay for the tuition. There are people all over the United States who mortgaged their future with a college loan. Don't get me wrong; the loan is good and the college education is commendable, but they could have been smarter about the interest rates they settled for. Now the next ten working year of their lives will have to be to pay back money that is more interest than actual cash.
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