re: Student Loans

quote:

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I work with a client of clients who have similar thoughts as the OP. They want to see their kids start life with no student debt.

That's not a bad thing... if you can afford that.

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Wouldn't that be a forethought and not an afterthought?

I.e. take out the student loans, but when you graduate ... I have these funds set aside to pay it off.

Not... now that you have graduated, I wonder if I should pull from my 401k (retirement) to pay off the student loans.

I have zero problem with the sentiment of helping kids get a head start in life. But the thought process of the OP is not the way my brain works.
Either I have been saving for this day with specific funds for years.
Or I just came into a large sum of money which gives me the freedom to make a choice like this.

Personally, I'm trying to have my kids pay their way through school. They will value it more on their own dollar.
If I have an opportunity to invest in them to setup a self employed opportunity down the road, that is where I want to put my personal resources instead.
It is harder for a new business to get startup capital than for a college kid to figure out how to pay for college.
Be where the biggest need is (plus, this gives my funds more time in the market to grow and do more good).