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[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 didn’t raise much of an adult who doesn’t understand long term consequences. I also have an adult child who is adult enough to understand that his parents are paying for college and that he wants to graduate debt free. This adult of mine realizes that starting in 3rd base is the best base to start on.[/quote]

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