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Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Finding Balance Date: 2/17/2008 7:59 PM
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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....



d(NIM)/dT
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