parents Archives - Page 3 of 3 - Student Debt Diaries

Handling Agreements to Repay Parents for Fronting Educational Costs

August 13, 2018August 13, 2018 Jordan RothmanAdvice for Parents

Repaying Parents for Fronting Educational Costs

Most articles on this website are directed toward individuals who borrowed student loans to pay for their educational costs. However, some people are fortunate enough to have parents who will pay for college and graduate school for their children. Some parents are wealthy enough so that they are able to pay for the educational costs of their kids without ever requiring their children to pay them back. However, other parents expect their kids to pay… Continue Reading Handling Agreements to Repay Parents for Fronting Educational Costs

Cosigner Considerations for Parents of Student Loan Borrowers

August 6, 2018 Jordan RothmanAdvice for Parents

Parents can have a major impact on how their children are affected by student debt. Some parents are wealthy enough to completely pay for their children’s’ schooling, so that their kids do not need to borrow any money to finance their degrees. However, since it currently costs an insane sum of money to attend college or graduate school, many students will need to borrow money in order to pay for their educational costs. Nevertheless, parents… Continue Reading Cosigner Considerations for Parents of Student Loan Borrowers

Parents Can Help Their Kids Refinance Student Loans

July 30, 2018March 10, 2022 Jordan RothmanAdvice for Parents, Refinancing Student Loans

Many parents of student loan borrowers are probably very familiar with the concept of refinancing debt. Indeed, numerous individuals refinanced mortgages after the Great Recession to take advantage of historically low interest rates. In addition, many individuals also have experiences with refinancing credit card debt and other types of loans. Refinancing debt usually allows borrowers to spend less money on interest and enables individuals to pay less each month to service their debt. Student loan… Continue Reading Parents Can Help Their Kids Refinance Student Loans

Advice for Parents of Student Loan Borrowers: An Introduction

July 23, 2018July 23, 2018 Jordan RothmanAdvice for Parents

This website has previously provided advice on a number of subjects related to student loans. Indeed, prior articles have discussed repayment strategies, ways to save money, refinancing tips, and a number of other topics related to student debt. All of these prior articles have been directed to student debt borrowers. However, this website has not yet included advice for parents of student loan borrowers, even though parents are typically interested in issues related to student… Continue Reading Advice for Parents of Student Loan Borrowers: An Introduction