Should Parents Pay Their Child's Education Loan? Key Factors To Consider

An education loan can become a major financial responsibility once the repayment period begins. For many young professionals, the first few years of employment bring modest salaries, rising living costs and regular EMIs. This can lead parents to consider contributing towards the repayment or even clearing a significant part of the loan. While such support can be helpful, financial planners generally suggest that parents should first examine their own long-term financial position before committing their savings.