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How about grad/professional school? Are you and your (grad/professional school) child OK with this?</p>
<p>I had such a thought but I could not get myself to do this.</p>
<p>Actually, we co-signed some of DS’s grad school loans, paid the “parent’s contributions” (sometime I feel that the school is on the child/student side rather than on the parents’ side because they try to ask the parents to pay as much as possible so that the student’s debt will be lower - this may be why the student loans of a private prof schools are not much larger than the loans of a public school kid - maybe on average, parents of private schools at every educational level, have more financial resources after all - but not me!) and we also started to pay the accrued interests so that the loans will not get larger. But we were thinking whether we should “help” more substantially even though we think we may not be able to afford it with the retirement on the horizon.</p>