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Five Good Reasons To Close The Bank Of Mom And Dad By: Michael Shelton | Oct 7th 2011 - Many adult kids ask their parents for loans to pay for higher education, starting a business, buying a house and many other reasons. Are you strong enough to objectively evaluate the loan application from your kids? Your relationship, financial future and emotional well being hang on the choice you make to lend or not to lend. Tags:personal loans, borrowing, parents, student loans, debt, MBA, education, financing college, business startup, lending