Parent Plus Loan information and experiences

Mjkacmom
Sat, 22 Jul 2023 10:49:38 +0000

I think a lot of people get into financial messes due to circumstances, not careless overspending. They live paycheck to paycheck, and can never get ahead. Medical bills, divorce, periods of job loss - and folks aren’t talking openly about what is going on in their financial situation. I have a friend (with an absolute jerk of an ex) who was getting pretty frantic with Covid and unemployment. I was privy to her situation, most were not. She never attended college, her ex was controlling financially (my friend wasn’t on their bank accounts, never had her own credit card, got an alliance). Her dad was married 4 times when she was growing up. I think her 19 year old decided not to go the college route, which makes it easier since her ex wants her to go into real estate like himself (he owns his own business making it harder to access his finances). My friend did look into the costs and it was concerning. She rents in a tiny 3 bedroom house that must cost close to $3000 a month (her other child is 18, non verbal autistic, who needs 24/7 care). She lives paycheck to paycheck, nothing saved for retirement.