Sandy Baum Quotes (9 Quotes)

Some schools will bargain freely.

People have to be more cautious about their borrowing levels. You should never borrow the maximum amount you can afford. You should always give yourself some leeway.

The increasing use of these private loans is a clear concern.

You don't have to be poor to get need-based aid at an expensive private college.

What it means is that they'll have to borrow a little more money and repay it at a higher interest rate.

The lawyer with 150,000 in law school debt doesn't take a 40,000-a-year public interest law job.

Where the average debt levels are really increasing are for children of more-affluent families. Children of affluent families are now almost as likely to borrow as children of less-affluent families.

The question for parents is Is it better to take out a PLUS loan or is it better to take out a home equity loan They need to look at all their options.

Most schools don't have enough grant dollars to meet the full needs of their students, so they have to decided whom to give it to. There is merit component to need-based aid. There also are schools that award merit-based aid but only to students with need.