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

mom2collegekids
Wed, 06 May 2015 01:41:49 +0000

^^^
that may be so, but that should have been made clear to the D. She wanted the cheaper school, but dad insisted on the pricier school and it sounds like he implied that he would be paying. He didn’t convey that the girl’s trust fund would be paying. It would seem like the honest thing to do would have been something like this:

girl: Dad, I would rather go to UT, it’s so much cheaper.

Dad: You got into Rice, and don’t worry about cost because your grandparents set up a trust for you and their intent was for you to use the trust money for college.

At least this way there could have been a conversation with options, such as, "well dad, if I go to cheaper UT, what happens to the leftover money? can I use it to buy a home? "