A recent article in the Los Angeles Times explained the Latino
community’s unwillingness to take out student loans to pay
for higher education.
Experts in the article explained that students from primarily
minority or poor backgrounds would rather fund their educations in
a “pay-as-you-go” fashion.
The problem is pronounced among Latino students, the article
stated, because some have a cultural aversion to borrowing money.
Latino students would rather work full-time, live with their
families, and lose out on study time than take out a loan.
This is fine ““ you can choose to finance your college
career however you want ““ until Deborah Santiago, a vice
president at Excelencia in Education, argued that these students
deserve additional financial aid because they don’t want to
take out loans like the rest of us do.
One student complained in the article that she had to give up
her dream of going to a University of California school because she
didn’t want to go into debt.
Student loans are generally accepted as a way to get a good
education and one day get a high-paying job.
Giving special consideration to students who don’t want to
take out loans ”“ for whatever reason ““
would be unfair to those of us who have to finance our education
the old-fashioned way.