Re: College Expenses
Ooohh, that just gave me a great idea. I turned to DH and asked him how he felt about paying of our kids student loans instead of helping them for college. He immediately came up a with a plan for this - if the child passes all of his classes, we will pay his first year of student loan payments. If not, he's on his own. A built-in incentive for doing well. And since the loan will be interest free for four years, plus six months after graduation, we can put aside the money we would have paid during those four years to gain interest, then use it to pay down the loans after. DS still ends up with some loans, good for building financial responsibility and credit, but we'll help keep the burden down. Hmmmm....
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