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When to gift a loved one with debt payoff

The following excerpt is from an article that originally appeared on WND Econony

Dear Dave,

Our son is about to graduate from law school. He took out a loan to cover the cost, but we’ve always been debt-free and have been paying on it to help him out while he finishes his studies. The balance on the loan right now is around $30,000. He has a job waiting for him after he graduates, so we’re thinking about telling him it will be his responsibility to finish paying off the loan at that point. Is that wrong?

Pat

Dear Pat,

There’s absolutely nothing wrong with a young law school graduate earning a living and paying off his own debt. I hope he appreciates how generous you both have been, but you shouldn’t feel as if you’re obligated to continue making these payments after he finishes school and begins working.

Now, if you decide to pay it off for him as a gift for

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