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Reply to "Mother Expects me to pay for my younger sister's college education"
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[quote=Anonymous][quote=Anonymous]OP here. I am not married. Rich sister is married to a rich guy and lives in a house with a spare room where my college aged sister has been living to attend NOVA for the past two years. My mother has no money as Rich sister, myself and my two other siblings who live abroad support her. My mother wants me to either co-sign for a student loan for my college sister or contribute 10k per adult sibling to help youngest sister finish college in America. I don't want to co-sign a loan for 100k at least as I am single and need my credit and do not want to take on that huge risk. I have 25k in emergency savings in addition to maybe 450k in my 401K. That's it. Rich sister says its her husband's money and not hers and her priroity is her actual children and she already is having college sister live with her and now is ready to focus on her own family.[/quote] Thanks for explaining. You don't have to pick up the rope just because they are handing it to you. Find the number you'd be comfortable giving and offer that, no more. Either they take it or leave it. I understand the immigrant family angle, but sister is also an adult and needs to start helping to support themselves. [/quote]
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