Don’t bury yourself in debt to pay for college

January 31, 2010 Credit, Economics, Other - Taxes

Dear Liz: My daughter is a sophomore at a very expensive college, and federal loans cover only $6,500 of her costs. She has taken out two private student loans with me as a cosigner, one at 6.5% interest and the second at 9.9%. I need $15,000 more for this semester’s tuition.

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Don’t bury yourself in debt to pay for college

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