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My 25 year old daughter wants space
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<blockquote data-quote="KTMom91" data-source="post: 736636" data-attributes="member: 4040"><p>Student loan debt is no joke. I would never co-sign for any of my kids because I'm still drowning under the weight of my own loans, taken out when I went back to school in my 30s. Over twenty years of fuss and bother and hassle, and they'll take your tax refund if the loan is in default, and attach your Social Security when that time comes. If you can get yourself off of that loan, do it. If you're a co-borrower, you may be able to negotiate with them, but don't expect much - if they'd taken the $100 a month I offered back in the day, I'd have been paid off twice, but no, we piddled around with deferments and forbearances and teetered on the edge of default, and now I owe so much it will never be paid off.</p><p></p><p>Sorry to add in a total downer, but this is a sore spot with me, and I hate seeing people caught up in the mess.</p></blockquote><p></p>
[QUOTE="KTMom91, post: 736636, member: 4040"] Student loan debt is no joke. I would never co-sign for any of my kids because I'm still drowning under the weight of my own loans, taken out when I went back to school in my 30s. Over twenty years of fuss and bother and hassle, and they'll take your tax refund if the loan is in default, and attach your Social Security when that time comes. If you can get yourself off of that loan, do it. If you're a co-borrower, you may be able to negotiate with them, but don't expect much - if they'd taken the $100 a month I offered back in the day, I'd have been paid off twice, but no, we piddled around with deferments and forbearances and teetered on the edge of default, and now I owe so much it will never be paid off. Sorry to add in a total downer, but this is a sore spot with me, and I hate seeing people caught up in the mess. [/QUOTE]
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My 25 year old daughter wants space
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