2023-08-23 - 9:36 p.m.
Just read an article that popped up about a 58 yr old VA woman making 60K a year with $258k in student loan debt as she had multiple degrees, and the dept of her son's education as she took out a PLUS loan.
I just am not in a position to do that.
My kid is angry at me for refusing.
Said I PROMISED to do so.
I do believe I said I would help with loans if needed WAY BACK WHEN I worked in a better job
Heck it was back in middle school
and YES I encouraged the kid then
BUT That was also when the kid had As and good grades and truthfully those ARE FACTORS in how affordable college is. If a student is doing well
Its not the same as the current situation
BUT beacuse of health issues, including depression etc
This kid does not have scholarships
BUT THEN AGAIN you have to APPLY To get them and there are so many small local ones I know my kid WAS eligilble to apply to.
I am just disappointed this kid is inflexible in considering options
It is just very impactical and high risk.
BUT My kid bought a flight and is still planning on heading west to go to a school they put a deposit on room down for
Without ability to pay the tuition.
I mean there is not some magic fairy that is going to show up with 9K for the first QUARTER
The school is on a quarterly system!
The FAFSA was re-worked based on my actual income
OUT OF STATE TUITION IS EXPENSIVE
It makes NO SENSE to be so stubborn and not consider the local community college OR
The kid thinks because the minimum wage is higher they will be better off moving
MAKES NO SENSE
Living home and paying cheap rent ( or free for a bit as the kid has not yet paid rent) working at $12,00 hour or $15,00 hour job is fiscally MUCH SMARTER
than taking on $35 K in debt to be a student and then take some part time job at $20 per hour
The kid acts like they are going to get a full time job. Really?
Maybe they will find a night auditor job
but then they will be SLEEPING through class
and I heard
I mean if you can barely function in life and can't work cause are so disabled
why would that suddenly CHANGE in another city?
The kid has this narrative in their head they are sick because my house has mold.
They were telling others this, as well as me
I seriously think this kid is delusional. No exaggeration. In la la land
I did look up the facts and sent to be sure the kid knows:
If they really do get qualified for student loans and actually can get them-well good luck and the kid better rock their courses to get a kicking good job when done.
BUT if they somehow get DENIED for a loan, as have no credit history and no work history and are chronically ill, technically disabled rather significantly in recent years
THEY HAVE SIX DAYS after the first day of school to withdraw and receive 100% refund of tuition.
They have 30 days to withdraw and receive a 50% refund of tuition.
Colleges do sue for payment when default occurs.
I just am very concerned about my kid who has refused to get a job while living here the past two years who thinks that they can finance college with ridiculous loans and it will be managable to pay them off.
Maybe the kid doesn't CARE about debt
I think it crazy.
and work and establish RESIDENCY
The price differnce between in state and out of state is huge, and often if you start as out of state it is hard to change that.
Heck I want to support this kid.
I just don't think this kid will even be approved for loans. Not without a job!
So don't know what they intend to do.
I think reality has to set in, eventually.
I just hope it is not after a very painful life lesson that stays with him jjjjjjjjjjjjjj.... ha ha that was a doze...
The night started nice, even though in the middle of the night!
Then the discussion of the college plans ensued.
That is all I will say
And I ran an errand today and despite being exhausted, just stopped ( as had a 10 AM meeting and needed to be on time!)- at my boyfriend's to work there, and then pushed through and worked til lunch, We had a nice lunch, then I finished work and had a nap. We then had our weekly date night
He helped me feel sane today! Seriously