Comment on I didn't cosign my kids' student loans because I couldn't take on more debt as a single mom. I supported them in other ways.

I didn't cosign my kids' student loans because I couldn't take on more debt as a single mom. I supported them in other ways.

The author didn't cosign her sons' student loans.Courtesy of Lisa B. SamalonisI was a single mother with a lot of debt, so I couldn't cosign student loans for my two sons.We opened the financial and college discussions early, so they understood.I helped them pay for their small college expenses along the way.While I very much wanted my sons to go to college, as a divorced single parent, I chose not to cosign or take on Parent Plus loans that would add to my personal debt.I already shouldered a mortgage, a car loan, and the daily expenses for my two sons that were not covered by modest child support.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News