posted on Jun, 3 2008 @ 02:13 AM
I'm well aware they are not merit based...never said they were. My point was that if you cannot get a student loan because its not offered at your
school, nor can you afford it outright, you are forced (if you wish to attend that school) to perform at a high enough level to get a scholarship.
And actually, the credit standards for Stafford loans are non-existent - if your going to a real school, you can get unsubsidized loans. Some of my
friends are still in college, and Stafford loans required no sort of cosigning. There are limits as to what you can get for subsidized loans, but the
unsubsidized are free for the taking. They may not be much, but they are enough for a cheap school.
This whole "itll be only for the elite" is the typical populist line on ATS. Its simply not true. School is not an entitlement - everyone does not
have a innate right to a college degree. Its something to be earned, and you can earn it for free if you do well. Remember - the elite don't need to
go to college, they are already rich. We should be happy when they do anyways, they are paying full sticker price and supplementing the rest of us.
According to a calculator that mimics the government's EFC guidelines (that estimates need based aid), even if the worst circumstances (family size
2, no taxes paid, 1 going to college) a family who makes a gross of $24,000 a year has a estimated family contribution of $0. There is no one way
someone could be making that little bit of money and be denied need based aid, unless they had tremendous amounts of non W-2 assets.
[edit on 3-6-2008 by ALightinDarkness]