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College and University Discussion
Reply to "How large are the loans you've taken out to finance your kids college education?"
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[quote=Anonymous][quote=Anonymous]Our kids will finance all of their education through loans. The deal is that if they graduate and maintain an acceptable GPA, we will pay back the loans. If they don't graduate, or fail to maintain the GPA, they're responsible for repayment. We could have very easily written out a check for their education, but we want to teach responsibility and make sure they have skin in the game. I'm not financing four years of partying and a 2.0 GPA.[/quote] Do you realize the student can only get a loan for $5500 freshman year. Any additional loan money must be co-signed --probably by you.[/quote]
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