What can I do for my grown daughter with so much student debt she may not live long enough to pay it off? I'm hoping for ideas about my will or buying a house so she will have a home
She went to a private professional school and graduated but due to health problems is not able to be in that field.
Thank you for your question. One of the W2W Experts will respond shortly with suggestions to help pay off debt. In the mean time, here are a few articles written by Shelly Eweka and Manisha Thakor on Student Loan Debt. Hopefully, this can help start the conversation around next steps.
Repaying student loans after 30: A guide for not-so-recent graduates
Q: How do I get out of debt?
This is becoming more common. Students are graduating with high levels of debt and are struggling to pay off these loans. Work with your daughter to make sure she understands all of her options for repaying her loans.
In terms of leaving property or possessions to your daughter, consider having a discussion with an estate planning attorney to understand the best options available to leave her an inheritance.
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