Don’t Put The Your Parents Finances In Jeopardy!
Here is a little tip that I would give to any college student who is doing their own college financing - act responsibly once you have graduated and make every effort to be prompt and diligent in making your monthly payments. Under no circumstances should you allow yourself to go into default on your loan because, in most cases, your parents will have had to be cosigners on your loan applications and that means that if you default on your loan they may be held liable. You must realize that if you decide to act the responsibly, your parents will probably end up paying the price.