Why are parents so reluctant to take out loans?

<p>^ Let’s keep in mind the cut off for “selective schools” used: “Selective institutions are defined as those in which students at the 25th percentile have a combined math and verbal SAT score above 1150, and less selective are those in which students at the 25th percentile have a combined score below 950.”
You can’t just analogize this to a difference between an Ivy league school and a mid level LAC.</p>