Reply #14: If you actually do sit down that way, then you are close to unique [View All]

[Orrex]

The only thing that most colleges tell their students in this regard is "you need to pay your tuition in advance, or your registration is canceled."

In any case, I don't know any credit card company that explains things as thoroughly and honestly as the Stafford program does, which is why I question the comparison.

Oh, come on. A 40-page manual of gobbledygook may be a "thorough" and "honest" explanation, but it's no less predatory than a four-page brochure of fine print that a credit card company sends out.

Additionally, student loan companies make one thing very clear: students who drop below "full time" status will lose their loans, so you'd better sign up for that great big loan so you can take 12+ credits.