Parents: Stop Taking Out Parent Loans for Your Kids’ College

Parents: Stop Taking Out Parent Loans for Your Kids’ College
Going into debt to pay for your child's education is not some kind of gift. Monkey Business Images/Shutterstock
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As a parent, you are responsible for taking care of your child, but you are also responsible for taking care of yourself. Taking out loans so that your child can enroll in the college of her dreams may sink your dreams of ever retiring.

Contrary to the advice you will get from many financial aid officers, parents should not borrow money to pay for their kids’ college educations.

Mary Hunt
Mary Hunt
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