Should My Daughter Invest a $10,000 Gift or Pay Off Her Student Loans?

Dear Abby: Parents refuse to let daughter, 23, move out until she completely repays student loans

DEAR ABBY: I’m a 23-year-old college graduate who was lucky enough to land a job in my field of study. The job is located in my hometown. Because I couldn’t afford my own apartment, I moved back in with my parents. The situation was supposed to be temporary, but now that I can afford to move out, my parents insist that I stay with them. They forbid me to move until I pay off the entirety of my student loans, which will take years. Then, after I …

Should my daughter invest a $10,000 gift or pay off her student loans?

Dear Dave, Our daughter is a student, and she has $10,000 in student loan debt. She works part-time, and has a couple of scholarships, but she has borrowed a little along the way to bridge gaps. Her uncle recently sold his business, and he told us he would like to give her a gift of $10,000. We’ve talked to her about this, and we’d like to guide her in the smartest possible direction. Should she begin planning for the future, and use this gift t…

Investing or student loan debt?

Dear Dave,Our daughter is a student, and she has $10,000 in student loan debt. She works part-time, and has a couple of scholarships, but she has borrowed a little along the way to bridge gaps. Her uncle recently sold his…