Why are parents so reluctant to take out loans?

[ucbalumnus]

<p>

@lookingforward

just an example. Grinnell, with its large endowment: average award- $38.7k, 87% on some aid. My friend’s Fafsa EFC was roughly 9k and they left her with a tab of over 35k.

</p>

<p>Divorced parents with a wealthy non-custodial parent who won’t contribute anything?</p>