Crazy Debt....What were the parents thinking???

SOSConcern
Tue, 05 May 2015 20:46:50 +0000

It is a shame that post #36 - there wasn’t a discussion between student and parents. Inheritance was used for expensive school, and perhaps could have been used differently by intended student going to reasonably priced school instead.

I also can see where a kid will buy something with mom/dad’s money, but if they are using their own money…

Both my kids have money in a stock account, have scholarships and a pre-paid state plan that pays most of their tuition bill (up to 135 hours of tuition). They will stay debt free. Watching their money/expenses. We are very thankful for all three of these pieces being in place, and they will be receiving bachelor degrees that they can hopefully find work with (eng and nursing). They understand how money works, and appreciate some of the financial pieces we have put into place for them. They also appreciate some of the things we do for them (like pay car insurance, basic cell phone charge, etc).