Education: 5 things to consider when deciding to help pay for your child's loans

College tuition is at an all-time high. As of 2022, the average student loan debt is about $39,000 per student, and the average monthly student loan payment is nearly $400. It's no wonder 1 parents want to help their children pay off their student loans as quickly as possible. Paying off this debt could help set your child up for success as they make important financial choices, such as applying for a mortgage. But is paying off your child's student loans early always the best option? Here are five things to consider when deciding whether to help your child pay off their student loans.