<p>idic5 - </p>
<p>Please read [this</a> thread](<a href=“http://talk.collegeconfidential.com/parents-forum/1382974-we-cosigned-our-unemployed-son-s-student-loans-now-we-re-screwed.html]this”>We Cosigned Our Unemployed Sons Student Loans. Now Were Screwed - Parents Forum - College Confidential Forums). All of it. (I know it’s long.)</p>
<p>Bottom line is that you should not take out a loan you cannot afford. Your son’s school doesn’t care if you can afford it. If you take out the loan, the school gets paid . . . and if you end up not being able to pay it back later, that’s your problem, not the school’s - they’ve already got their money!</p>
<p>If you haven’t already accepted the loan, you might want to think twice about doing it. I understand that there’s a funding gap . . . and if you don’t take out this loan, then your son won’t be able to go to this school. But, really, if you can’t afford it, then maybe it’s time to consider a less expensive school. I know that sounds mean . . . but if you get in over your head, that’s YOUR future that’s at stake. And if you take out a Plus loan this year, but can’t make payments and don’t qualify next year, then what happens?</p>
<p>I know you want to help your son . . . but please think carefully about what you’re getting yourself into.</p>