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tard, they don't reach maturity till double the time it took for them to hit face value. if they from when you were born they have a decent interest rate, and are worth money. go to a bank and check values
This seems to have been said already, but at least you will know that you will have a way to pay off a good chunk of your loans when you reach thirty. Might be worth trying to calculate, or even taking advice on, whether you get better value cashing them in/selling them early versus paying the interest on a loan until they mature. Either way, you have something solid to rely on.
You can still cash them in, they don't reach full maturity until they are 30 years old at which point that stop earning interest, I used to work at a bank and have handled many many bonds I know what I'm talking about with these, just make sure to fill out the back before going into the bank to cash them in all but your signature which is supposed to be signed in their presence
So.. your mother just set you up with a nice deposit for a house instead.
She tried and believe it or not people do have to pay for their own college in the real world
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You're not screwed. Just take out loans if you have to, and then when the bonds mature use them to pay off the loans. I mean, were those bonds REALLY enough to pay for your entire education? Depending on where you go, that could cost $40k or more.
Well... Maybe you could use those in the future to help pay off student loans? Or a community college is a great way to get your general ed. out of the way, and save money!