what to do....college loan
Hi, please help me sort out my options on this one.
My daughter is in her last year of PharmD. She has already incurred 90K in loans. I have savings bond EE I have bought long time ago in her name worth about 25K now. She didn't know about them until recently. She said if I give it to her now she will use it to pay for her tuition this year. Being these bonds were bought before 1990 they don't qualify for educational bonds therefore she will have to pay taxes on it reducing it's value. I was thinking of giving it to her gradually to either help pay for her loan or fund her IRA. What would you do? Thanks.