What do House, Senate student loans bills mean for parents and students?

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  • My2Cents Taylorsville, UT
    July 29, 2013 5:05 a.m.

    For all practical purposes and intents, the parents should not and must not co-own loans with their children. If children want higher eduction and can qualify for loans on their own merits then they should take on the loans by themselves. This idea of making parents think they are obligated to pay for college is the biggest mistake a parent can consider.

    In the majority of case where parents are forced into co-owning loans and childrens debts are foolish and irresponsible acts of parental leadership. Parents and student loans should never be linked or joint considerations. Parents who think they owe their children education are foolish and in denial and sending children irresponsible message of accountability. Most of the time the children will not pay their debts and dump it on parents to pay then insult the parents and move back home.

    When chidlren turn 18, they are on their own in school, jobs, and paying rent, and its a no return policy.

    This loan trap to entrap parents is illegal and stressing parents with guilt if they don't sign the documents. Ponzi schemes are illegal and so are student loans preying on parents weakness.