Should You Undertake Your Children’s College Debt?

I’m diving into an ugly discussion here about a middle-class reality: student debt.

I’ve seen this movie too many times. Far be it from me to cast aspersions on the failings of my clients or their children. But at least a couple times a year, I would find clients who had signed on to pay for their children’s college debt, assuming that once out of school, the child would be responsible for repayment. Alas, the child decided (for whatever reason) they were not interested in “adulting” at that level. And Mom and Dad, responsible on paper, continued to make the payments, often at the expense of their own retirement security.