re: Today's issue of personal responsibility: student loans

The fact she CHOSE to pay 100k for nursing school is retarded.

The fact her parents CHOSE to cosign her loan, means they read the terms, and accepted the risk if their daughter dies, that they would be on the hook for that money...

Now it's a relatively small risk, but they got caught. No sympathy.

quote:

---

quote:

---

Of course, I will help when asked and when I can.

---

Co-signing a student loan is a very small favor to ask.

---

My parents co-signed a student loan for me, and it has actually helped their credit.

It doesn't really apply to the OP, but if you raise responsible children who know to pay their bills on time then you can feel pretty secure about cosigning a loan with them. Of course you also have to know when to put your foot down and say that there's no way that a $100k nursing degree is worth borrowing money for.