Warning about large student loans. If you're considering graduating with a lot of debt, read this...

[ucbalumnus]

@NJWrestlingmom

Not to be morbid, but your kid can promise all day long that they will pay back the loans, but things happen. My friend’s sNot to be morbid, but your kid can promise all day long that they will pay back the loans, but things happen. My friend’s son was killed in a car accident weeks after finishing school. Guess what? They co-signed and the loans they had didn’t go away with their son’s passing. 6 years later they are still making payments. on was killed in a car accident weeks after finishing school. Guess what? They co-signed and the loans they had didn’t go away with their son’s passing. 6 years later they are still making payments.

When cosigned loans are taken, wouldn’t having life and disability policies covering the borrower and cosigner (beneficiaries each other) be necessary to cover these types of situations?

@LuckyCharms913

he said she wished her D had commuted for 2 years and then transferred, but they couldn’t make her do that since she’d liked Penn State so much better than the directional. BIL’s take was that it’s no big deal: Everyone takes out loans, parent co-signing is just a formality,

“Everyone takes out loans” may be more common in Pennsylvania, due to the poor affordability of the in-state public universities (including the CSHE branch campuses and the PASSHE schools) there. But that does not make it good or desirable to do so (either for students/parents, or from a state government policy standpoint).