"Elizabeth Warren Wants to Let You Pay for College Like a Car"

[maddiemom]

12. Yes, a grant is not a loan, but closer to a scholarship that needn't be paid back.

My parents, back in the Sixties, were very middle class/middle income. With judicious saving and juggling, they were able to finance my (state university) undergraduate degree without going into debt. I was also able to finance my post-graduate schooling without borrowing. For what my Master's plus was worth, however, I now wish that I'd held on to that money for my daughter's later education. Despite a college fund from the day she was born, a divorce and the economy stopped that short by the end of her elementary years. Consequently, now in her later thirties, she still has college loan debt, even though her father and I are professionals whose income has been, over the years, far more than any of our parents ever earned. Senator Warren's ideas on college loans are excellent, as her ideas usually are. The situation in regard to college debt for the generations after our own, early "baby boomers" generation, are simply insane for any civilized nation with any regard for the future of the average citizen who pursues advanced, increasingly financially worthless, higher education.