The Moneyologist: One of our kids wants $75,000 in loans paid off and my wife says no — should I do it?

Dear Moneyologist,

One financial accomplishment my spouse and I are proud of is helping both of our two kids to finish college without any loans. They both worked hard to get substantial scholarships and worked while attending school. Fast forward 10- years, and in having the family “talk” about finances as we age — we are retired and in our mid-60s — we let them know that we have plenty of money and will never spend it all. We’re absolutely sure.

Neither kid has ever asked for a dime, but they have been given generous gifts over the years. We have asked them if there is anything that would help them at this time instead of waiting for an inheritance.

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