Get help, advice and information on all your Finance issues. http://advice-and.info/Finance/want.htm Mon, 04 Aug 2008 15:35:57 GMT en Many Connecticut parents feel like they are hit by a city bus when they find out that the many months of work they have done to push their child to do community service, study hard for the SAT and fill out financial aid forms only allows their student to qualify for student loan debt. It is not a good feeling to have to sit your child down and explain that all of their efforts allowed them the exclusive once in a lifetime opportunity to go into debt.<br><br> The worst part about it is that many Connecticut colleges promote student loan debt like its the best thing since sliced bread when the real truth is the same Connecticut colleges are sitting on billion dollar endowments that can be used to really help students pay for the rising cost of college. One of the popular statements that colleges tell you that it is a good way to establish credit for an otherwise credit challenged young person. Thats rubbish. Your child will have way too many opportunities to get credit from all of the credit card companies that are allowed on Connecticut college campuses to push their credit cards onto defenseless and under-informed students.<br><br> If Connecticut colleges really wanted to give financial aid awards to help parents then why not help the families qualify for grants and scholarships as opposed to borrowing money from the government or local banks. 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