Sometimes college students need parents to co-sign the student loans. Although it's unfair, if the student dies, the parents could be on the hook for the college education. An inexpensive life insurance policy protects against that risk.Read more...

Topics:  parents   student loans   life insurance   college   
BING NEWS:
  • 'Should I Buy All My Kids A House?' Widow Uncertain After Husband's Death, Asks Dave Ramsey About Purchasing Homes For Her 3 Adult Children
    During a discussion on the Dave Ramsey Show, titled "Should I Buy All My Kids A House?" a widow from Denver, Colorado, named Kay, shared her intentions to buy homes for her three adult children ...
    05/14/2024 - 4:00 am | View Link
  • A median-priced home in the U.S. requires a salary of at least $100K. Can a parent buy for a child who’s just starting out?
    Purchasing a home for a child can help them build wealth and financial stability. Some of the ways parents can help a child buy a home include a loan, a gift or co-signing a mortgage. Gifting a home, ...
    05/7/2024 - 10:35 am | View Link
  • Your Life in Money: Conversations to Have with Your Partner and Parents
    As you move through life, your financial decisions will inevitably ... you may need to discuss whether your parents are comfortable co-signing or acting as guarantors on your new lease.
    04/25/2024 - 1:00 pm | View Link
  • Younger Parents Are Moving In With Kids: Here’s Why
    Keeping separate loans and credit cards rather than co-signing is best ... especially given the high cost of living and the student loan debt crisis,” Dumas says. “Multigenerational living ...
    05/9/2023 - 1:00 pm | View Link
  • How to Move Out of Your Parents' House
    "The 50/20/30 budget is one we promote, so if you have 20% going to savings or paying down debt, then take 5% of that to invest and 15% to pay down your student loans." The 50/20/30 rule is a ...
    05/26/2022 - 1:17 am | View Link
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