<p>My one son was seeing a lovely girl who was accepted to a private college with about half the costs taken care of by financial aid. She and her family had to come up with the other $30K, and they were optimistic that it would all work out. The school did not meet their full need, which meant she was all loaned up in her package already, so all she could borrow was an additional $4k In her own name when her parent was denied PLUS. When they tried to get loans, they simply could not. Not for that much. She is going to school locally now, and working part time. I had a suspicion this was going to happen, but didn’t say anything, and it was better than way, I think. This happens all of the time. Those are the lucky ones. Some squeak by with very high interest rate loans for more than they could possible afford.</p>