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February 7, 2011 5:07 pm at 5:07 pm
#737511
gavra_at_work
Participant
IMO, scholarships should be moved to loans that must be repaid on a schedule, starting from the day the child graduates from high school. This way, the school has a continuous revenue stream.
In the yeshiva world, this would not work, as men who go to kollel or low paying jobs will just be stuck in a circle of debt.
Maybe where 80K is normal, but not where 40K is the norm, and children are in school when the parents are in their 60’s. The word “loan” is meaningless.
And yes S, I thought you might say that 🙂 I’m looking for others’ opinions as well.