Should repayment of student loans be a family affair?
Thats a question many baby-boomer parents are wrestling with as they watch their young-adult children struggle to pay off college debt in an era of sluggish wage growth and high rents.
Parents increasingly are expressing a desire to help. Indeed, more than 60% of parents say they are very or somewhat likely to help their children repay student debt, according to a May survey from Discover Student Loans, a unit of Discover Bank.
But financial experts say just because parents can alleviate some of a childs financial burden doesnt mean they should. While provi…
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