- May 17, 2020
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because you assume that it is a normal student loan and the fact that it actually is is not confirmed anywhere. if it is (normal), her father cannot dispose of it as he pleases by deciding whether to pay the tuition fees each time or not.Currently she has to start paying back the loan after she finishes her studies but she is dependent on her father to pay for her to attend college, thats all leverage he has.... A scholarship takes away that leverage...
But it also means she will continue to study hence there will be no significant difference in paying back the loan....
She can start paying back the loan after her studies in both scenarios...
everyone makes their own assumptions
If the money was already paid to BR Maya's father would have no leverage even now.I feel like I'm having a stroke reading these discussions about scholarships and loans.
When Maya and father took out the loan to pay tuition, the source of the loan PAID the tuition directly. The only one that needs to get paid back is the loan source. If Maya gets a scholarship, then those funds would pay back the loan source directly in lieu of Maya and father. The principal balance on the loan would decrease. If the scholarship can fully pay off the loan, then Maya's father has no financial leverage over her (though the family drama would persist and is the real issue that needs to be addressed, NOT the loan - Maya's approach to the problem is all wrong, as she's still running away from the core issue rather than directly confronting it).
and Maya like any student would only have to pay off the loan at the end of her studies.
which is clearly not the case.