Either DPC doesn't understand finance or he is writing Maya to be incredibly dense.
1. Maya has a student loan. All her dad co-signing the loan does is make him jointly on the hook for it if Maya defaults - he does NOT have access to the bank's money nor any ability to deny it from Maya's tuition.
2. Banks aren't stupid, they pay the tuition fee directly to the course provider (plus a small stipend for living and textbooks to the student if it's in the terms). They NEVER give it to the student in a lump (to blow it all on beer and raves or smthg) or to the parent.
3. These loans are always good until the Graduation. As long as Maya remains a student in good standing, they will keep paying it each term and Maya doesn't need to pay anything (not even interest) back until she graduates or flunks out. They will not just stop after a term or two because (a) It would be a massive PR nightmare if students drop out like flies because of them, and (b) It will just become a bad debt anyway. You can't pay them back by flipping burgers, it needs college degree level wages to pay for these loans.
Maya is actually fine, dad is totally BSing - unless he owns the bank, he actually can't tell the lender shit. The only thing she needs to do is
get a part-time job if the loan doesn't cover living expenses.
Since Maya doesn't understand any of this - (and trying to double dip with her HOT scheme is actually one of the very few things that could remove her good standing and get the loan cancelled) - this would be a better use of money then giving her 5K:
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