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

Posted on 7/29/14 at 9:39 am to
Posted by TK421
Baton Rouge
Member since Oct 2011
10411 posts
Posted on 7/29/14 at 9:39 am to
quote:

I don't understand how a parent can co-sign for a loan.



Well, this is kind of ridiculous and selfish.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65068 posts
Posted on 7/29/14 at 10:02 am to
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.
Posted by roygu
Member since Jan 2004
11718 posts
Posted on 7/29/14 at 11:30 am to
quote:

Well, this is kind of ridiculous and selfish.


No it isn't. Its sensable.
Why would a responsable parent sign a lifetime obligation so their child can go to college and party for five years.
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