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re: Today's issue of personal responsibility: student loans
Posted on 7/29/14 at 10:02 am to TK421
Posted on 7/29/14 at 10:02 am to TK421
quote:
Well, this is kind of ridiculous and selfish.
No it isn't. This can ruin the parent financially with not much time left in their working career to make up for the tragedy. On the other hand a 21 year old who wrecks themselves financially has 44 years left in a working career. Let them shoulder the financial burden and you as the parent help out when you can.
2
Posted on 7/29/14 at 10:03 am to Broke
quote:
No it isn't. This can ruin the parent financially
Then don't sign if you can't afford it.......but if you DO sign don't complain.......you know the whole personal responsibility thing.
Posted on 7/29/14 at 10:09 am to Broke
quote:
No it isn't. This can ruin the parent financially
If you aren't willing to help your children succeed because you are too worried about your goals of a beach house in retirement, then don't have kids.
There is also a difference between small loans to fill a gap and 100K to go to nursing school. I probably wouldn't do the latter, but to swear off all co-signing makes you a shitty parent.
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