We are not sure yet how big a loan, if any, we will need to fund our son’s grad school, since we do not know yet which type of grad school he will pick, whether it will be funded through the grad school or not, and how much money he will earn working between college graduation and grad school (an emerging plan if he picks a costly sort of grad school).
But one thing we are sure of. We do not want him starting out life with any debt. If any loan is to be taken, we will do it. We have a home equity line of credit open and ready for us to take a home equity loan as needed.
We do not expect him to pay us back.