Quote from piezoe:
The media loves these stories of students who have made major errors in borrowing for their "education". There are plenty of them. They almost always involve students not poor enough to qualify
At the other extreme are the for profit institutions. These schools are more focused on job training, but their main objective is profit. They have very low admission standards and hire the least expensive faculty they
I do have some personal advice for anyone with young children. And that is to spend your money and time giving them the best, enriched primary and secondary education you can afford. Consider sending them to one of the elite, private boarding schools for their last three years of high school -- a Choate, a Saint Paul's, or a Phillips Exeter perhaps. If you do that, their College education will take care of itself. In other words spend your money on the early years of their education, and you and they will have to spend very little on the later years.
Are you out of your mind or just very naive? Elite schools lead to the most expensive colleges on earth not the other way around. Or maybe you haves vested interest in one of these schools?