One of our parental obligations is to send our kids to school. However, with many other financial responsibilities like home or car mortgage to take care of, it becomes a challenge to prioritize setting aside money for our children’s education, particularly, college education.
This is where options for student loans are available for students not having enough financial backing to reach their dreams to complete tertiary education. These college loans, offered by many schools, let the students study and pay later. If I’m not wrong, the loans extend to providing stipends or allowance other than the tuition.
There are so many people I know who have taken up private student loans. Most of them did for graduate school. At least, my kid will always have this as an option for a worse case scenario.