I am trying to advise a young person, but I admit I am not the foremost expert on college loans and financial aid. This person has already incurred college loans and has stopped his schooling in an effort to earn money to start paying back some of those loans and not incurring any further debt.
He also has not resumed school to finish his undergraduate degree because he believes he can not obtain any further loans until he has paid some or all of his current debt. Is this correct? I thought the idea of loans and financial aid is to provide enough to finish one's schooling, uninterrupted, after which you are expected to start repaying any debt. But do loans and/or financial aid really stop once they get to a certain level before one completes their education? If so, is there any creative way around this so one can get their degree sooner than later? Thank you for any advice!