As written in the title, i want to know more about (especially US,others are welcome too) college loans. What is it? How are the term and conditions to borrow the money?
And why are you borrowing the money? Can't you borrow that money from your parents, instead?
And finally,it is good for your prosperity? (okay, that's too much,but i can't find other words describing that) as we know, that debt is not good to your financial matters..and especially, we in Indonesia doesn't have that kind of loan here ..
P.s: i'm an economic major student, and i'm doing a personal research here, pure curiosity
And for the parents thingie, i'm seeing this using the point of view of eastern people , and i'd like to see it from western sides of view.