formally lending college money to your own kid?

[ucbalumnus]

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@mom2collegekids

My former OB/Gyn borrowed his med school costs from his dad, and then paid him back. I’m sure his dad thought that was a low-risk loan because he could be confident that his soon-to-be-MD son would be earning enough to pay back the XX amount borrowed.

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<p>A parent lending money to (for example) a student in medical school may need to consider taking life and disability insurance policies on the student / new MD until the loan is paid off. Otherwise, if the student / new MD dies or becomes disabled before paying off the loan, the certain payoff suddenly disappears.</p>