Helping Independent Child

Modadunn
Thu, 15 Apr 2010 10:31:33 +0000

Here’s an idea - pay the interest for her while she is in school setting aside the principle for the loan in a separate account. When she graduates - gift her the prinicple and pay the loans off for her then.



This is essentially what we’re thinking with regards to the subsidized loans. We’ll help her pay them off when she graduates. The ideal behind paying off unsubsidized loans is to eliminate accruing debt.