Reply to Parent expecting me to pay back parent plus loan

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I got a text from my mom out of the blue with the information to pay the remaining balance off of a loan she took out for my undergraduate education. Due to a divorce and bad financial decisions, she says that she can no longer pay it and now expects me to pay it since I’m starting a new job. I’m happy to help contribute but she expects me to pay starting next month and since she hasn’t made payments in a year - she’s not sure the full balance and says vaguely that she paid 1000k monthly at one point. I’m super upset that she sprung this up on me and she claims it’s always been the plan. Does anyone else think this is unreasonable? We have a decent HHI but two kids in daycare and my husband’s student loans. [/quote]

That's your loan. Period. [/quote]

Wrong. If op didn’t sign for it, it’s not their loan.[/quote]

Contractually isn’t but don’t be silly, was got DD to go to college. It’s DD’s.[/quote]

Nope. This is not OP's loan. OP's parents were at fault for having kids they could not afford.  Kid did not ask to be born.

They could have sent OP to a cheaper college or had a very clear plan with OP about how the loan will be repayed. All of things evidently did not happen.

Usually, [b]no child pays back their parents for their schooling,  college [/b]etc.  [/quote]

I’m not sure what universe you live in, but this is the opposite of what usually happens. The OP benefited from this loan, and the mother has been a saint to pay the payments as a gift for this long. OP needs to be grateful and start paying in full, and consider paying her mother back for the money spent. [/quote]

The parents dropped the ball on communication.

All of this nonsense could have been avoided if they had been upfront with OP from the moment she went to college.

There are people of different means on this board. Some people's kids will have to pay for the loans their parents took.  But that should be communicated up front.

Sou ds like your parents had good intentions but bad follow through and bad financial know how.

Reset his as your mom approachs retirement and plan accordingly [/quote]

NP here. I assume OP was at least 18 when this loan was taken out on her behalf. She was an adult. She (as well as everyone else who takes out student loans) needs to understand how the loans work, the amo to for college, etc. Throwing around the excuse with your hands in the air “I didn’t know” or “I was just 18” or “No one explained it to me” has gotten many people into huge student loan messes (including me).

My parents had NO money for college and were very upfront about it. I was a Pell grant kid. I had to take out all kinds of loans, including private ones that my grandmother co-signed for (bc my parents had no credit). I found myself with 6 figures of debt, overwhelmed and freaked out but I paid them off. How could you not know that this loan existed? And to say you didn’t like how it was handled? J
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