The big question here is what the impact of these loans will be for you, your daughter, your family. 4 years of AU costs what a nice house can ask in much of this country. Can you weather another mortgage? Without knowing your income, assets, other liabilities, living expenses, retirement funding and the rest of your financial picture, can’t say if it’s crazy for you to take out whatever the loan amounts are
I can tell you that it is not s good idea to have your daughter take out co signed loans in addition to what the school can give her on her own. There is a very good reason for them to be limited. Unless parents can help out their kids with large loans, like take a bulk of the repayment, student loans are worse than the proverbial dead albatross around the neck. Too many people out there suffering with high student debt burden.