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Reply to "Does your spouse owe your parents financial assistance?"
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[quote=Anonymous][quote=Anonymous][b]I absolutely wouldn't be sending any money for a sibling's education. why can't they get loans like everyone else?[/b] But no, I wouldn't be sending money to my parents. If my parents had financial issues, I would let them live with me and I would pay their expenses, but would need more control over their finances. [/quote] It sounds to me like OP is a naturalized American and her family still lives in her country of origin. In many other countries, student loans for college are not easy to get. Additionally, OP's parents and sibling may not have collateral for a traditional (non-student) type loan. From the sounds of OP and her sister both being in America, having been college-educated here and sending money home, it sounds like OP's parents sacrificed a lot to be able to send their two older daughters to America for college and to get a better life. Now they are struggling to do the same with their youngest child. OP and her sister are both sending money back, but that money has to help with family support and college for the youngest and it is being stretched thin. [quote]No, it is throwing money into an indefinite black hole.[/quote] So, the fact that her parents sacrificed much of their life and any chance of retirement to send OP to to college and give her a better life than they had, is not worth paying the parents back? That's a pretty cold and callous way to behave. OP is trying to pay her parents back for the sacrifices that they made for her. [/quote]
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