You have to give up your dream university admission because your parents either said no to becoming co-applicants or weren’t eligible to be co-applicants. If another family member doesn’t step in, the student's loan application gets rejected. Education loans are a liability with years-long responsibility; not everyone is ready to take it. However, losing out on a global.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/no-cosigner-loans-choice-for-parents