Found out FIL paid off grandson’s student loans/zero help for my kids

[Anonymous]

He paid off thousands of dollars of loans for grandson who dropped out of college after one semester but owed a lot of money. FIL was co-signor on loan bc son had bad credit. FIL has not offered to pay for my kid’s educations. We can afford it but it seems unfair that my kids get a $20 bill for birthday and Christmas, but nothing substantial like college tuition (and other big expenses). My kids have worked hard to earn substantial scholarships and wouldn’t require much assistance. It seems the squeaky wheel gets the grease.

[Anonymous]

It stinks but I think this was more of a function of paying it off because it was in his name not to help out the grandson

[Anonymous]

He doesn't owe your kids anything. They should pay for it themselves.

[Anonymous]

Anonymous wrote:He paid off thousands of dollars of loans for grandson who dropped out of college after one semester but owed a lot of money. FIL was co-signor on loan bc son had bad credit. FIL has not offered to pay for my kid’s educations. We can afford it but it seems unfair that my kids get a $20 bill for birthday and Christmas, but nothing substantial like college tuition (and other big expenses). My kids have worked hard to earn substantial scholarships and wouldn’t require much assistance. It seems the squeaky wheel gets the grease.

FIL had to pay if he co-signed the loan. What makes you think he had all the money available? He's probably in a bad financial situation right now. He does not owe your children anything. You can afford it.

[Anonymous]

Anonymous wrote:He paid off thousands of dollars of loans for grandson who dropped out of college after one semester but owed a lot of money. FIL was co-signor on loan bc son had bad credit. FIL has not offered to pay for my kid’s educations. We can afford it but it seems unfair that my kids get a $20 bill for birthday and Christmas, but nothing substantial like college tuition (and other big expenses). My kids have worked hard to earn substantial scholarships and wouldn’t require much assistance. It seems the squeaky wheel gets the grease.

That might be why he paid it off.

[Anonymous]

Those were his loans also. He probably learned his lesson and won't be co-signing anything.

[Anonymous]

Op do you understand a co-signer's responsibility?

[Anonymous]

Anonymous wrote:Op do you understand a co-signer's responsibility?

I understand the FIL getting right with the bank, but shouldn't the kid make some effort to him back as opposed to "walking"? I wonder if there's an understanding btw FIL and granson?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Op do you understand a co-signer's responsibility?

I understand the FIL getting right with the bank, but shouldn't the kid make some effort to him back as opposed to "walking"? I wonder if there's an understanding btw FIL and granson?

Meant to say: "pay him back" etc

[Anonymous]

Anonymous wrote:Op do you understand a co-signer's responsibility?

Yes I do. I forgot to add not only did he pay off the Parent PLUS loan, but also the subsidized student loan that was only in student’s name.

[Anonymous]

Your poor FIL was burned by his son and grandson.

Obviously he’s staying out of helping anyone else to that extent, ever! And maybe he doesn’t even have the funds now.

I hope you can understand that.

[Anonymous]

OP what you should be posting is "No good deed goes unpunished. My FIL was nice enough to co-sign for his grandson, and now he's stuck with the bill and the grandson is an ingrate."

Why do so so so many DCUMers hate their in laws???

[Anonymous]

Anonymous wrote:OP what you should be posting is "No good deed goes unpunished. My FIL was nice enough to co-sign for his grandson, and now he's stuck with the bill and the grandson is an ingrate."

Why do so so so many DCUMers hate their in laws???

I agree..

OP, you sound so jealous.

[Anonymous]

Anonymous wrote:Those were his loans also. He probably learned his lesson and won't be co-signing anything.

My SIL warned him about this very situation at the time he co-signed and she also asked if you’re helping him, are you going to help my kids? He said no.

[Anonymous]

Eh.

Eventually he will die and there will be a need for pall bearers. Hope his other grandsons are strong enough to handle the casket on their own.