You can't always get scholarships and not everyone qualifies for a grant. In fact, few do. Many students have to take out loans, which have to be paid back. As someone who got 2 bachelors and a masters, I was lucky enough to graduate with only $35,000 in debt.
AND unlike every other kind of debt (home loans, car loans etc.) student loans CANNOT be wiped away by declaring bankruptcy. And also unlike almost every other kind of debt if you DIE and still have student loans they will come after your grieving family for the money instead of writing it off. According to my accounting and history professor you can thank Biden for that delightful bit of legislation. (It wasn't just him but he played a big part in it) So be EXTREMELY careful when it comes to taking out student loans. I'm incredibly lucky because my mother works for my university so I get a big discount and can afford it without loans.
It gets even worse as you progress, at my university grad programs are twice as expensive if not more. I assume everyone is talking about FAFSA - which is unavailable to families that make more than 60,000/yr (where i'm from) regardless of how many kids they have (whether they are in college or not doesn't matter) or how expensive the school they are attending may be.
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