Your daughter should visit her school's financial aid office to discuss options for paying for school. She should start by exhausting any grants or scholarships, and then use federal student loans to cover as much as possible. These loans come with a variety of protections and forgiveness options that make them much more attractive than private loans. After that, you may want to help her out by taking out a Parent Plus loan. There is a credit check associated, but it isn't as stringent as most private lenders. If you aren't able to borrow Parent Plus loans, she will be able to take on additional unsubsidized federal loans.
If all of that still won't cover the cost of her schooling, you may want to spend some time considering whether her degree is a good financial investment. It may very well be, but private loans are not an easy burden for new grads without an earning potential to match their debt.
