dashingscorpio profile image 84

If your child blew their $90k college fund would you use your retirement money to help?


Recently a 22 year old young lady called into a radio station looking for advice. Her grandparents had set aside a college fund of $90k for her. She's now in her senior year and has no money left. (She blames her parents for not teaching her how to budget.) She admitted to spending money to take a trip to Europe, other spring breaks, along with clothes..etc The remaining tuition bill is for $22k. She said she'd be too embarrassed to work in the cafeteria and besides (working would affect her grades). She thinks her parents should use money from their retirement account. Would you?

 

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Penny Miranda profile image84

Penny Miranda says

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21 months ago
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Lisa Vollrath (lisavollrath) says

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21 months ago
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    Grace Marguerite Williams (gmwilliams) 21 months ago

    THANK YOU, you have indeed SPOKEN. AGREE with you to the multillionth degree!


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Readmikenow says

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21 months ago
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    retief2000 21 months ago

    Se has a great future in Congress.

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David Hunt (UnnamedHarald) says

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21 months ago
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    Grace Marguerite Williams (gmwilliams) 21 months ago

    I find this situation beyond unreasonable if you ask me.


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Paula (fpherj48) says

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21 months ago
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    Grace Marguerite Williams (gmwilliams) 21 months ago

    Paula, great forthright response as usual. That spoiled brat needs a REALITY check. She needs LIFE 401 courses if you catch my drift. Life 401-an advanced k*****a*** lesson in how to navigate life. I KNOW 3 people like that-whew! Not pretty at all!


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Sulabha Dhavalikar (Sulabha) says

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21 months ago
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Molli Anne (MolliAnne) says

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21 months ago
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    Molli Anne (MolliAnne) 21 months ago

    What a great opportunity for the parents to say that they cant afford to give her their retirement money. And explain the purpose of that $ and that there might not be any $ left (for her) when they die - so get a job, a loan, and finish school.


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Christopher Jay Thompson (Christopher Jay T) says

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21 months ago
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    retief2000 21 months ago

    exchange Uncle Sam for our fellow citizens and you have that 100% right. Most of us work like dogs at menial jobs to pay for school. Slave for years to pay back loans. Sweat and strain to keep good grades. Whining wasn't part of the program.

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Yoleen Lucas (Say Yes To Life) says

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21 months ago
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    Yoleen Lucas (Say Yes To Life) 21 months ago

    P.S. Regarding work affecting her grades, she needs an internship. Without one, she could face a RUDE shock after graduation!

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retief2000 says

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21 months ago
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    Molli Anne (MolliAnne) 21 months ago

    The average age that a child leaves home for the LAST time was 22, in 1980. Today it is 31. The thought alone haunts me! Teehee


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Grace Marguerite Williams (gmwilliams) says

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21 months ago
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    dashingscorpio 21 months ago

    I agree with you. I would not give her my retirement money. Lots of college students work part-time.

    What is most offensive to me is (she blames her parents) for not teaching her budgeting! Anyone with commonsense knows a trip to Europe is out!

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ahorseback says

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21 months ago
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TheBizWhiz says

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21 months ago
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    dashingscorpio 21 months ago

    "Hell to the Naw!" LOL!

    I wish someone had given me $90k to go to school. There seems to be a lot of spoiled brats and entitled youth today. I'd be curious to know what her major is. The trip to Europe and spring breaks? Crazy!


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