No. of Recommendations: 2
I want to know if I should pay 100% even though they have said they will pay half?

IMHO - the burden for your education is now yours! If your parents are taking out loans - I hope that YOU expect to pay them back! that being said - I would take out loans IFF- you make more on the money than you are spending. Investing 101 borrow cheap, invest and make a little income on the spread.

If your parents are borrowing the money at 6% and you are making 8% borrow away. At the end - you will have enough to pay them back in full. If they are borrowing at 8% and you are making 6% - Your parents are just paying you. Don't fool yourself, they are not paying for your education they are just giving you money.

Your business is voltile - save the borrowing capacity for when you NEED it.

They may want to do this to transfer wealth to the next generation but there are better ways....

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