I empathize with college students who will be faced with a large increase in student loan interest rates if Congress cannot resolve its deadlock as described in two June 9 articles. However, post-high school education is not an entitlement.
Parents and their college-bound children need to be aware of costs and plan for them, including applying for loans.
As a parent of former college students and a former university administrator, I believe meeting the cost of college should include money earned and saved by students beginning no later than their first year in high school.
They should also strive for academic and other excellence in high school, partly to earn one or more scholarships. Parents should plan for partially funding the post-high school education of their children.
With respect to loans, if students understood that they were responsible for repaying the loans, they would be more focused and waste less time while earning their degrees.
- Stuart G. Walesh, Valparaiso