<p>As a student that is an absurd amount for your parents to borrow. $340/month is still a lot of money, sure people can afford it, but that is going to mean cutting back on other expenses just so that the child can be an alumni of University “X.” I do believe parents should help pay for their children’s school, but it should be a reasonable amount where the parents feel they are paying comfortably and can retire as planned. Money matters never hit an 18 year old in the head very well, all it has been to us is just spend and spend and spend… I believe do what it takes to succeed, meaning work hard with what you have and accept all consequences of the risk you or your parents are going to embark on.</p>