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Hmmm there are a lot of options with this one.
What types of student loans is she taking out? Certain student loans don't accrue interest while you are still in school. My feeling is that if the loans are not accruing interest while she attends school I'd take the free loan. My personal feeling is also that I'd continue to make her feel as though the student loans are going to be her responsibility. I like the idea of kids having some skin in their education. Then a wonderful graduation gift would be to pay off the loans for her.
$30K inheritance is also a great teaching tool. Teach the value of saving, show how compounding interest can grow the account, teach investment options with mixed returns and levels of risk. .. . I know none of those are easy to teach to an 18 year old that wants a new car.
Good luck,
Rich
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-Marine Blue '87 930
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