Opinion: This is not your grandfather’s student loan

In Shakespeare’s “Hamlet,” Laertes is about to head back to his studies in Paris when his father Polonius offers some parting advice: Dress in a “rich, not gaudy” manner, “for the apparel oft proclaims the man,” the father says, before adding, “Neither a borrower nor a lender be.” Polonius, the chief counselor to King Claudius, can afford to insulate his son from any worries about money.