College enrollment is falling at a 'concerning' rate, new data reveals [View all]

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https://www.theguardian.com/us-news/2024/dec/08/college-enrollment-declining

As a parent with a kid in college, I can tell you that it is mostly a lack of financial support that makes it impossible for these kids to justify going to college. Here's what they do: 1) there are caps on the borrowing amount that are way to low to help on all federal student loans that are available. 2) Even if the student has been living independently on their own, and not claimed on their parents tax forms, they are required to meet a high standard of credit rating in order to qualify for a loan without a cosigner. This forces the parent to mortgage their future as cosigner, because no good parent would deny their child a future. THIS IS FUCKING EXTORTION by the federal government and it is WRONG! I am retired an now have about 20,000 in private student loan debt to deal with. We need the government to make our federally chartered universities fully funded so kid s can get a higher education to allow the US to compete in the global economy. It will never happen otherwise.