High EFC, but want loans!

3togo
Thu, 15 Mar 2007 11:25:21 +0000

we’re thinking of having our kids take out the Stafford loans … and then we will pay them off as a graduation gift … then while they are students they will have financial skin in the game but will also let them start off on their own without debt. (In addition, they are responsible for all “play” money which would, I expect, require real summer jobs).