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

CTTC
Sun, 03 May 2015 10:40:26 +0000

@Himom

He wanted to go to local flagship but she said he “earned” the private U and sent him therer because he “deserved it.” He got quite a few scholarships to help, but she spent all of her divorce settlement–her share of the condo she owned with her ex, her share of the house they raised the family in on his college. Now, she’s in her late 50s and working 7 days/week, 12 hours/day running a food truck. Sometimes she even has to hire part time workers to help her. It’s unlikely her ex-spouse will ever pay the $70K he owes, as he also owes the IRS and state tax office, and they have priority. Her older son has been diagnosed as ADHD and bipolar and lives with her, and has only taken a few courses at CC. Her friends worry about her as she has no cushion and probably also took out loans to help her S get his “dream degree” in finance. He graduated a term early and is taking some time off to travel before getting a job.

Who’s funding the “time off to travel”? Is the S going to help out his mother and his brother in their time of need, when his mother can no longer do her backbreaking food truck job?