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From the article:
“As a parent, then as a homeowner, if you have some equity in your home, then you can say to your child, you know, ‘don’t take out the loan,’” she said. “‘I’ll take out some of the equity to help you pay for tuition so that you don’t graduate with extraordinary student loan debt, and so that when you graduate, you can do your dream job.’”
Essentially, Harris suggested that parents give their kids a leg up in the world by being the ones to take out a loan instead. Except theirs would have much higher stakes than just needing to be paid back — it could mean losing their home.
🤦♂️
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