Meanwhile, Pell and other grant aid failed to keep pace. So students and their parents borrowed more and more money. There are two main types of government loans. Needy students and their parents qualify for subsidized loans, where interest rates are capped and the government pays interest while the student is in school and for a grace period afterward. All students and parents can take out unsubsidized loans, where interest rates are still capped but the interest accrues while the student is in school.
Students also take out commercial and state-sponsored loans.
Darson's father doesn't live in the home. She doesn't recall her mother ever taking out a loan. These are soccer moms and dads we're talking about. It doesn't matter how compelling the data may be, at the end of the day, politics carries the day. Bright spots Poor students have seen a few bright spots.