<p>We have considered this for the future. We have college savings plus extra money. The kids know that if they go over the 529 amount, it will require money from them, At first I thought loans were a good idea even if we parents paid it off at graduation. Then I saw there is a loan origination fee so it seems like a waste of money just to teach a lesson.
I would rather “loan” the money knowing that we took take the loss, than co-sign a loan </p>