Quote:
Originally posted by Discotish
"When your school determined your federal financial aid award, it used a standard budget to estimate the expenses you would incur while attending school. This expense estimate is referred to as your cost of attendance (COA). If you can reduce your expenses to an amount less than the school's estimated COA, you might not need to borrow as much as the school has awarded" If you're so interested, take it up with your schools Financial Aid department. I'm sure they'd be happy to explain it to you....
What you are just failing to see is that you are taking money you don't need. Student loans are not low interest loans intended to finance your car loan.
I was trying to make a point and obviously, my opinion is in the definite minority. So I'll just leave this hot topic be...
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I don't think anyone is fighting with you and you're entitled to your opinion. Regardless I see that loan as something you're entitled to while in college and since you're paying money back for the loans at a competitive rate above interest, a bank is still making money off of you. These aren't cash grants for being a poor student.
-Rudey
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