‘I’ve lost my son because of this.’ I cosigned student loans for my son, but he dropped out of school, and now I’m struggling with $50K in debt. What should I do?
Yahoo! Finance
My hopes and dreams for my son were solid, and I was fine cosigning on his school loans as I did the same for his sister. It hurts worse that I’ve lost my son because of this too.I would like to retire someday, I’m hoping for a magic bullet to fix this for me. First up, let’s celebrate all the ways you’re on track as it is: Most likely, the credit card debt you had had a higher interest rate than the student loan debt, and kudos to you for repaying it.
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