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re: Greedy or Generous? What says the OT
Posted on 3/12/14 at 10:26 am to Random LSU Hero
Posted on 3/12/14 at 10:26 am to Random LSU Hero
Do it. I had an uncle do this for me when I was in college for my first car. I paid him 1% more than the cd rate for a similar term. It was the first bill I paid every month and worked out perfectly. He later did the same for my sister.
1
Posted on 3/12/14 at 10:33 am to CajunAlum Tiger Fan
What happens when she wants to claim the interest on her tax return? How are you going to handle the taxes you have to pay on the 7% you would be earning. Where is she going to get the money to pay you while she's in grad school? If she has to take out more money to go to grad school, I wonder which loan she would default on first. Yours or the banks? I wouldn't do it.
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