Trust fund and FA

thumper1
Wed, 22 Jul 2009 12:23:52 +0000

Yes she should get a job. I really do not wish to defend her unwillingness to do this, but some of you may recognize that “practical” is to “artist” as “snowball” is to “hell”.



The most important conversation she needs to have…first with HERSELF and then with her son…is how much she is willing to contribute to his college education. If she doesn’t have a job and doesn’t intend to get one…the reality is that her resources will be limited…and so will her son’s ability to pay for college (outside of what he fortunately has in that trust fund). This could very well have an impact on either which colleges he applies to…OR which college he ultimately will be able to attend.

Someone has to pay his college bills. There is no “college tuition/room/board fairy” out there. The family needs a plan.

NO…$8k a year will not pay for a residential four year college…but it WILL pay for a community college and this could very well pay for this youngster’s first two years of college with some reserve left to help him out his junior and senior years.