Navigating the financial responsibilities of a child's college education can be daunting for parents, especially when considering the burden of student loans. The author, reflecting on their own experience with student debt, decided against paying for their daughter's college tuition directly. Instead, they opted to take out parent loans in their name, allowing their daughter to pursue her nursing degree without jeopardizing their financial future. While the author provided support in other ways—covering living expenses, travel costs, and even helping with a car—they made it clear that the responsibility for repaying the loans would ultimately lie with their daughter. This approach not only helped the daughter graduate with a degree but also preserved the author's financial independence and retirement plans. By refinancing the loans and keeping communication open, they successfully navigated this challenging situation, demonstrating that it is possible to support a child's education without sacrificing one's own financial stability.
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