Parent expecting me to pay back parent plus loan

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s a loan under her name. Paying 1000k monthly while I have other student loans plus my husbands loans + daycare is a lot. I’m mad because of the way she handled it. She could have sit down with us and explained the situation- instead I get a random text with the log in for the loan telling me to pay next month.

You can be upset about how she asked, but those loans are for YOUR school. YOU should pay them, not your mom. Yes, daycare and your husband's loans are probably a lot. Maybe you should have waited to have kids until all YOUR loans were paid.

They are not her loans. Not sure why you keep capitalizing the word your. Yelling doesn’t change reality. These loans aren’t hers.

+1

+2 Having one crazy poster repeating the same thing over and over doesn't make it so. Not the OP's loan. Not the OP's credit score. Not the OP's decision to take the loan. Not the OP's responsibility.

Not the OP's credit score. Not the OP's decision to take the loan. Not the OP's responsibility. Not the OP's mom. No, wait a minute, it IS the OP's mom. So how is she going to feel when her mom's house goes into foreclosure and she has nowhere to live? Still not OP's problem? heartless.

OP, just call her up and talk to her about it. Ask how much she can pay per month and see how much you can pay. Why are you paying yoru DH's loan payments? I guess his parents didn't help him the way your mom helped you....

Is she going to pay the mortgage, too? Because it's not going to end here. And OP has made extremely clear that her mother is unwilling to talk honestly about her financial situation.

[Anonymous]

You should have started paying for it the instant you started earning money, WTF is wrong with you that you've been mooching off of mommy so long that you are married with two children???

[Anonymous]

Anonymous wrote:You should have started paying for it the instant you started earning money, WTF is wrong with you that you've been mooching off of mommy so long that you are married with two children???

If OP's mom wanted expected her to pay the Parent Plus as soon as OP started making money, then she should have told her then and laid out the expectations and monthly contribution. OP likely would have to pay MORE now since the mom has been letting it languish. Sorry, but it's really really poor behavior from the mom, full stop.

[Anonymous]

Maybe I missed it - did OP’s mom let them know she was taking out a parent plus loan at the beginning of college? And was there any discussion about expecting OP to take over payments at some point? I took out a parent loan and paid it off. I would never expect my kid to pay it unless we had an agreement in place.

If the cost of this college was not affordable, the mom should have instructed OP to find an affordable option. I had to tell 2 of my kids their top choices were not an option because of cost.

[Anonymous]

Either this is a troll post or you are a clueless idiot.

[Anonymous]

I disagree. Your parents made the choice to take out the loan. That’s not your responsibility. They could have told you no, made different spending/saving decisions. They had agency over finances and you did not. It’s not your problem. If you want to help (and you should want to help), you can. But it’s not your obligation.

[Anonymous]

Anonymous wrote:You should have started paying for it the instant you started earning money, WTF is wrong with you that you've been mooching off of mommy so long that you are married with two children???

lol it’s not mooching you psychopath. Some parents pay for their kids college.

[Anonymous]

This is why the trump’s tax bill is limiting loan amounts. Parents and students can’t pay them back!

Yes, OP, you should pay back the loan.

My MIL lent her brother 30k to pay for her nephew’s undergraduate education. Her brother never paid her back so she asked her nephew to pay her back. He basically said FU and they no longer talk.

[Anonymous]

Haiiii

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow 😲😳

Pay your bills!

Who are you talking to here? OP does not have a bill related to the parent-plus loan. Her mother, who signed the loan, is the sole obligor.

But be realistic, the loan was for the OP college. Assuming she knew her mom took out the loan (and HTH do you not?!?!) then it is upon her to assist with paying it from a moral standpoint.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s a loan under her name. Paying 1000k monthly while I have other student loans plus my husbands loans + daycare is a lot. I’m mad because of the way she handled it. She could have sit down with us and explained the situation- instead I get a random text with the log in for the loan telling me to pay next month.

You can be upset about how she asked, but those loans are for YOUR school. YOU should pay them, not your mom. Yes, daycare and your husband's loans are probably a lot. Maybe you should have waited to have kids until all YOUR loans were paid.

They are not her loans. Not sure why you keep capitalizing the word your. Yelling doesn’t change reality. These loans aren’t hers.

+1

+2 Having one crazy poster repeating the same thing over and over doesn't make it so. Not the OP's loan. Not the OP's credit score. Not the OP's decision to take the loan. Not the OP's responsibility.

The OP likely knew the loans were taken to pay for college.

However, this is precisely why you should not take Parent loans for college. Kid's need to attend a school that can be paid for with at most the federal STUDENT loans of $27K total for the 4 years. It's doable for most people. Attend a state U, take the 5.5K/year loan, work summers and breaks (and if possible a 10-12 hour/week job while in school). That gives the kid $15-20K. Parents help with the rest. Most states have places you can attend for under $30K (and that's a parental contribution of only $10-15K/year for a total of $40-60K)



Or you find a school that gives you merit/FA and costs less.

[Anonymous]

She can’t change the terms of your agreement about paying for college because she got divorced. They made some bad financial decisions.

Id just say no

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wow 😲😳

Pay your bills!

Who are you talking to here? OP does not have a bill related to the parent-plus loan. Her mother, who signed the loan, is the sole obligor.

But be realistic, the loan was for the OP college. Assuming she knew her mom took out the loan (and HTH do you not?!?!) then it is upon her to assist with paying it from a moral standpoint.

The loans are in the mom’s name. The loans have been paid for by the mom up to this date when she made some bad decisions and got divorced.

The mom is trying to change their agreement about paying for college stream and that’s just too bad for the mom.

Make better decisions and don’t make agreements you can’t hold up your end of the bargain

[Anonymous]

Anonymous wrote:

Anonymous wrote:You should have started paying for it the instant you started earning money, WTF is wrong with you that you've been mooching off of mommy so long that you are married with two children???

If OP's mom wanted expected her to pay the Parent Plus as soon as OP started making money, then she should have told her then and laid out the expectations and monthly contribution. OP likely would have to pay MORE now since the mom has been letting it languish. Sorry, but it's really really poor behavior from the mom, full stop.

She told OP that was always the expectation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s a loan under her name. Paying 1000k monthly while I have other student loans plus my husbands loans + daycare is a lot. I’m mad because of the way she handled it. She could have sit down with us and explained the situation- instead I get a random text with the log in for the loan telling me to pay next month.

You can be upset about how she asked, but those loans are for YOUR school. YOU should pay them, not your mom. Yes, daycare and your husband's loans are probably a lot. Maybe you should have waited to have kids until all YOUR loans were paid.

They are not her loans. Not sure why you keep capitalizing the word your. Yelling doesn’t change reality. These loans aren’t hers.

+1

+2 Having one crazy poster repeating the same thing over and over doesn't make it so. Not the OP's loan. Not the OP's credit score. Not the OP's decision to take the loan. Not the OP's responsibility.

The OP likely knew the loans were taken to pay for college.

However, this is precisely why you should not take Parent loans for college. Kid's need to attend a school that can be paid for with at most the federal STUDENT loans of $27K total for the 4 years. It's doable for most people. Attend a state U, take the 5.5K/year loan, work summers and breaks (and if possible a 10-12 hour/week job while in school). That gives the kid $15-20K. Parents help with the rest. Most states have places you can attend for under $30K (and that's a parental contribution of only $10-15K/year for a total of $40-60K)



Or you find a school that gives you merit/FA and costs less.

Yeah Parental Plus loans are usually a bad idea- if you haven't been able to save enough over the 18 years or have enough to contribute during the college years, what is going to change in the future? At that age most parents aren't experiencing high income growth. I wonder how much the loan was to begin with if mom still has $20k left after 10 years.

FWIW, it's very possible OP did all these things you mention but parents had nothing for a parental contribution- hence the loan.