January 4, 2024
Daughter’s Debt, Parent’s Burden: Navigating Student Loans and Family Finances
A parent struggling with $18,000 in student loan debt co-signed for their 19-year-old college dropout daughter, who refuses to make minimum payments despite having a job. The financial advice columnist suggests requiring automatic transfers to the parent’s bank account as a condition of living at home, aiming to pay off the balance while the daughter resides with them. Other options include leveraging assets like a car, reminding the daughter of legal responsibility (if co-signed), exploring
