Reply to How to pay for college: specific scenario

Forum Index » Money and Finances

Reply to "How to pay for college: specific scenario "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is insane. What do you mean you couldn’t “rein in” your kid. You should have said”we can not afford this.”

Your choices now are your kid transfers or you take out expensive Parent Plus loans or you pull cash from your investments/savings. Those are your choices. [/quote]

This is exactly right. My heart breaks for this kid. OP, why didn’t you say no? I highly doubt the kid and the relative would’ve done this behind your back. You didn’t want to be the bad guy last year and caused this issue. [/quote]

Sigh

We told our kid they would need to use loans to cover whatever we can’t cover. Now I’m trying to help friends tire out the best approach.

Nobody was blindsided.

There’s still part of me that remains hopeful they’ll transfer. [/quote]

So relative and student hatched this plan… and then what? You stepped back and let it all go down? Did relative take them dorm shopping? Drop them off at school? At what point did you wash your hands of this situation knowing you would eventually end up here?[/quote]

Count your blessings that your children listen to you. My kid didn’t.

Having said that, they are actually very independent. I suspect if I just step back and let them figure this out, they will.

[/quote]

You could’ve put the kibosh on this and didn’t. Why set up the kid for disappointment?[/quote]

Because I’m selfish and totally clueless like previous posters said.

Or because my adult child made a decision and ran with it. [/quote]

Well you told your “adult” child that they could take out a loan, which obviously is not possible. You think some private lender is going to lend a 19 or 20 year old $100,000 plus? A teenager would not understand that private student loans are not available to them. You made them think that that was a possibility so yes, you are either clueless and thought it was, or callous and told them that even though you knew it wasn’t possible. Which is it?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics