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Started By
Message
re: Student Loans
Posted on 4/25/24 at 11:08 am to armsdealer
Posted on 4/25/24 at 11:08 am to armsdealer
quote:
I am not saying I agree with any of these new student loan repayment rules, but I am sure as hell am going to take advantage of them. Tax man gets me everywhere else.
So, if I have a kid who is offered a decent aid package from a school, but it also includes a somewhat minimal student loan package (think like $5,000 a year), which would help a bit to offset what is due on the balance out of pocket, would it basically be insane in the current climate to advise NOT to accept the additional loan?
My inclination would be to dissuade taking out the loan if it is not needed, but the more I look at things and the current climate surrounding this stuff, it almost seems that such inclination is rather foolhardy.
What do others think?
This post was edited on 4/25/24 at 11:10 am
1
Posted on 4/25/24 at 12:19 pm to Y.A. Tittle
I advise parents that have a SUBSIDIZED (no-interest while in school) loan as part of their package to consider taking it, putting it in a HYSA and using it if needed.
We did this with my daughter (although I invested it instead of HYSA). Paid them off when they came due and had about $8k to get her started in life.
We did this with my daughter (although I invested it instead of HYSA). Paid them off when they came due and had about $8k to get her started in life.
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