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by cipher_system 1650 days ago
Almost everyone does it, but it's for living expenses, books and such, not for tuition.

Currently, a university student borrows around $800 and gets around $300 each month. Then you are supposed to pay back what you borrowed during 25 years starting 6 months after you stopped borrowing.

It really is a great system imho.

edit: Had to check, apparently only 70% takes student loans.

1 comments

Hah, good luck paying for living expenses in the Bay Area with that kind of money. $1100 will get you a shack built in the 1920's with 3 roommates and drug addicts at your front door.