| Then the interest is likely to be substantially higher, and the monthly repayments steeper. He will be the one on the hook for it, for there is no way any loan agency short of Cousin Vinnie is going to loan a student $150k for two years of college, or assume that s/he will be paying it back.
As you said, your father just recently achieved his level of success, and I suspect he doesn't really have much idea of what he is asking for.
(All the co-signed "student" loans I know of max out at $40k.) |