[DocTomoe]

> She has indicated that there was no alternative.

Actually, she indicated that the alternatives were not attractive to her (especially the friendship thing is ravingly stupid).

> Of course it would have been better to arrange for all financing before she started school but that would have taken some foresight.

Yep. The ability to divide cost through four years, add a little bit for emergencies. This ain't rocket science.

Liferafts tend to cost a lot more when the flood is coming.

> Add: Please consider the possibility that not knowing when you start school that you may need a high interest loan as a senior in order to finish school is an example of information asymmetry.

I do not think anyone is served by abusing vocabulary to hide the true meaning you implied: it's stupidity and lack of planning, not information asymmetry.