<p>My friend's stepdaughter got her grandmother to cosign the loans since, her mother and stepdad were not credit worthy and my friend and her husband refused to do so. They were willing to pay up to COA of any state school in the two state where she could claim residency, and that is the amount they are paying for her. The scary part is that the school loans are probably not the whole picture either. Credit cards, car loan, etc are there too, as she is living pretty high for what money is available to her. Many of those kids who are spending freely do not necessarily come from rich famiies, they are just living too high for themselves and their families.</p>