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[quote=Anonymous]

The fact that your parents are over age 60 means they should be putting their retirement planning FIRST.  They have more than done their fair share in paying for your brother's tuition, buying him a car and giving him access to a credit car if I remember from your posts even if they do have extra funds.  Your brother should be grateful he has a place to live in college "rent free" and grow up a bit.  Sure it might be more fun to live out with his buddies, but then somebody is going to have to take on the loans for that extra fun experience.

You are age 30, and I would expect now know the cost of every day life, and as his "big sister," you would do well to counsel him that "if" he wants to take on more loans, it would be a lot wiser to keep the financial door open for grad or professional school or even specific technical training after he gets his BA.  It would do him well to research financial aid to have a clear understanding of what is available and the percentage rate on payback of loans, when it would start, AND the expected starting wage he might earn when school ends.  Does he realize that he may well be "asking" to stay at home if he can't find a job in a couple of years???? Perhaps if he can get a part-time job and summer job, he could fund living in an apartment with buddies his final year in college, but it should be on his dime not the folks.

Co-signing a loan for anyone is very risky.....[/quote]

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