Flatbusher…………….
what high schooler takes out a loan? Anyone of them that applies to a seminary that will be giving college credit in an arrangement with a college in the USA.
15 Years ago when my eldest daughter wanted to spend a year in an Israeli Seminary, she was courted by one who offered college credit in conjunction with Cape Cod Community College. She was told she could fill out a FAFSA form and qualify for subsidized Stafford student loans, as well as Pell grants, etc.
She ended up not applying to that Seminary. She went to one in the USA and I sent her for the summer to stay with my sister and same age daughter in EY. BUT, other friends of hers did take the student loans to cover the year in Seminary.
Similarly, boys take the students loans coming out of high school to cover a year learning in EY at a Yeshiva that grants college credits through Touro.