Saddling parents with college loans
An investigation by ProPublica and The Chronicle of Higher Education finds the government’s Parent Plus loans sometimes hurt the very families they are intended to help: The loans are both remarkably easy to get and nearly impossible to get out from under for families who’ve overreached.
More than a decade after Aurora Almendral first set foot on her dream college campus, she and her mother still shoulder the cost of that choice.
Almendral had been accepted to New York University in 1998, but even after adding up scholarships, grants and the max she could take out in federal student loans, the private university — among the nation’s costliest — still seemed out of reach.
One program filled the gap: Aurora’s mother, Gemma Nemenzo, was eligible for a different federal loan meant to
More than a decade after Aurora Almendral first set foot on her dream college campus, she and her mother still shoulder the cost of that choice.
Almendral had been accepted to New York University in 1998, but even after adding up scholarships, grants and the max she could take out in federal student loans, the private university — among the nation’s costliest — still seemed out of reach.One program filled the gap: Aurora’s mother, Gemma Nemenzo, was eligible for a different federal loan meant to