Dave Ramsey: You’re under no obligation

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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,

Now, if you decide to pay it off for him as a gift for successfully completing law school — and you’re in a financial position to do so without hurting yourselves or your future — that’s fine, too. It would be another incredibly generous act. And in my mind, generosity of that magnitude should be met with gratitude and appreciation of equal measure.

—Dave

Used car mileage?

Dear Dave,

I know you advise most people to buy used cars. Do you have a rule of thumb for a mileage limit when it comes to buying a used vehicle?

— Paul

Dear Paul,

Overall, I would advise you to look for something that has a good reputation, a solid history, and as little mileage as possible. There are good, used cars out there that will last for years.

—Dave

— Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at