How to model direct payment versus use of student loans for graduate/professional school educational expenses
Submitted by WCL2 on Sun, 07/13/2014 - 11:40I have children who will be entering graduate/professional school and for whom we may need to cover tuition, room, and board, depending on the level of assistance provided by the schools. How do I use ESPlanner to assess and compare the overall impact on family finances (i.e., for parents and children) of using existing parental and/or student assets to pay educational expenses versus taking out student loans, considering the various federal loan types and repayment options?