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Reply to "Can you contract with adult child for share of future earnings in exchange for tuition assistance?"
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[quote=Anonymous]OP, if I were your child, I would prefer that you loaned me the money at a market interest rate, which would still be below what the government/private lenders would charge. You could draw up a promissary note that stated that monthly payments including interest accrued could commence at X months after I secured my first full-time position. I would not want you to take a share of my future earnings once i paid off the loan. That is greedy. My parents did this to help me on a down payment for a home and it was a win-win situation. [/quote]
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