In the age of rapid information transfer via electronic devices of every description, myth and misinformation are becoming more commonplace. That’s true for subjects like politics, health, personal finances, motherhood, fatherhood, and hundreds of other subjects. But for some reason, the topic of motherhood seems to get more than its share of attention from the myth makers and urban legend spinners. Here are a few of the latest tall tales making the rounds in cyberspace.
It’s Impossible for Moms to Help Kids Get Student Loans
Cosigning helps young applicants get approved fast. Any woman with college-aged children can help them get approved for a school loan by cosigning. In nearly every case, working adults have better credit than teens, who typically have no credit history or very little at all. Plus, not only does having an adult cosigner up the chances a youngster will get approved, but it also can get them lower interest rates. That means paying much less over the life of the loan as well as the chance to attend the college of their choice. For so many young people, getting a loan is the only way they’ll be able to earn a diploma. While there are scholarships and grants available, today’s high cost of schooling means that loan money is a necessary part of the education plan for high school grads. [Read more…]