The horror stories are real. Here are some facts. About 2,000,000 families are paying off college loans while receiving Social Security during retirement, and 300,000 are having their Social Security checks garnished to pay those loans. College loans are NOT forgiven, even if you declare bankruptcy. On the positive side, some employers will pay part or all of a student’s loan as part of a signing bonus, but they are VERY unlikely to pay for college loans that are in a parent’s name.
EPR will help you structure your college funding to minimize loans.