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|User Info||Consumer Credit March -- Ouch; entered at 2012-05-08 12:24:35|
I personally see people in their mid 30's-40's rationalize going back to school because of the "economy" and using student loans to continue their unsustainable lifestyle.
This only works for one semester though, right? If they give you a certain amount, you still have to pay for tuition, etc. If you drop out, the loan is done and due, so what, they get one semester (ok $20K+), but they don't get 2nd semester money. How does this help them sustain a lifestyle? Maybe I am confused as to how the loans work (I only borrowed for one quarter of my entire education).