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Reply to "How do you feel about making your kid get student loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I showed my kids how taking out the subsidized loans helped their credit. They did so. I'll pay them off three months after graduation. When they'll have credit at 720plus. They've also had Roths since they were babysitting at 13/14 years old. I'm big about financial literacy [/quote] That's a lot to pay for credit. I'd rather my kids just build their own with responsible use of credit cards - free way to build credit. [/quote] It’s an interest-free loan. It costs nothing. In fact I get to invest that cash instead of spending. Clock doesn’t start on govt loans til graduation. [/quote] Most students don't qualify for subsidized loans and interest start accruing immediately. [/quote]
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