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Deutschland takes the cup
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À
18/07/2014 09:00:40
Information générale
Forum:
Sports
Catégorie:
Professionnels
Divers
Thread ID:
01603617
Message ID:
01604014
Vues:
37
>>>>
>>>>I am sure you understand your finances well and how it applies to your daughter's education. One thing, however; you say "I take credit..I have to pay" In this country (USA) typically the child (e.g. your daughter) would get a loan and she would pay back when she starts earning. Not you.
>>>
>>>As a student loan is only backed by a breathing corpse, I imagine a person with a good earning/credit history might get better interest conditions than a new student, who might not even finish ? Or is this again a regulated matter?
>>
>>The interest that a student gets on his/her loan is regulated; as you correctly assumed. Which does not preclude the parent from getting a personal load (like home equity) and paying for the child education. Almost all financial advisers warn against such practice. They say that the parent(s) should not do it.
>
>and loosing such business plays no role in such advice ;-) As long as you work the math to the benefit of both like the tax rules over here for loans into own business both sides will win...

I think that the logic of financial advisers is that adults/parents should worry about their retirement and not child's educational loan Another aspect is that in many cases children never pay the loan taken by the parent. And the parent will end up paying their children education loan even when they stop working (in retirement). Which is not right. The same applies to being a co-signer. I am sure you have heard the old expression that a co-signer is a "fool with a pen." :)
"The creative process is nothing but a series of crises." Isaac Bashevis Singer
"My experience is that as soon as people are old enough to know better, they don't know anything at all." Oscar Wilde
"If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too." W.Somerset Maugham
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