With so many adult children returning home after completing an undergraduate degree, families are facing a new question: who pays for grad school? A generation ago, it would have been virtually unheard of for parents to pay for a master’s degree, but with many grad school students or applicants still living with Mom and Dad, parents may end up bearing some financial burden when their kids go to grad school, even if they’re not paying the tuition.

This article offers tips on how to help your adult kids decide on financing options for grad school — and whether it makes sense for you to help foot the bill.