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Paladin

(32,354 posts)

17. I'm not listening to her tale of woe.

Reply to KamaAina (Original post)

Fri Jul 17, 2015, 02:28 PM

Jul 2015

She had it better than the majority of college kids, and she threw it away. End of story, as far as I'm concerned.

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22-year-old college student blows her $90,000 college fund and blames her parents [View all] KamaAina Jul 2015 OP

This message was self-deleted by its author petronius Jul 2015 #1

I bet this is fake. Seems like trolling for attention / anger. Oneironaut Jul 2015 #2

I believe you are not correct dballance Jul 2015 #12

I got $48,000 insurance settlement and spent it in less then 6 months. vinny9698 Jul 2015 #19

Not all investments, but a lot of durable goods in that list. Erich Bloodaxe BSN Jul 2015 #43

I agree with you - there are many who don't start with $90,000 karynnj Jul 2015 #20

She used some of the money to pay for a trip to Europe. jeff47 Jul 2015 #31

Right - and her parents, though they legally may not have been able to stop her, karynnj Jul 2015 #58

Yeah, but sometimes the kid has to "skin their knee" before they'll listen. jeff47 Jul 2015 #60

yep. if it's a UGMA acct the kid gets it all at 18 elehhhhna Jul 2015 #79

Siiiggghhh . . . . HughBeaumont Jul 2015 #3

Didn't even bother to read the link. The real problem is tuition costs, not Kim. n/t demmiblue Jul 2015 #4

She had enough money to cover tuition Matrosov Jul 2015 #5

No...the problem is Kim Rebubula Jul 2015 #7

No, no you can't. demmiblue Jul 2015 #8

OK...fine Rebubula Jul 2015 #9

No, the problem is whoever thought it was a good idea to give that kind of money kcr Jul 2015 #13

Yep. Hard to imagine that going well. I actually think making it three years is pretty good for stevenleser Jul 2015 #27

My stepdaughter at 19 would have had no problem managing that money. Maedhros Jul 2015 #28

My eldest daughter would have done well too, she's almost scary responsible. But that isn't typical stevenleser Jul 2015 #33

Good for your daughter. I don't believe I said all. kcr Jul 2015 #38

At eighteen, a child becomes an adult. Maedhros Jul 2015 #44

If that's your parenting philosphy, hey. Whatever floats your boat. kcr Jul 2015 #53

I dislike how we, as a society, have started treating college students as if they are children. Maedhros Jul 2015 #68

I think the problem starts long before college. cui bono Jul 2015 #85

Have you ever read Samuel Butler's novel tblue37 Jul 2015 #42

I've not read it, but kcr Jul 2015 #55

Yes but when I was reading that book low info coworkers accused me of reading porn Person 2713 Jul 2015 #63

So it's her grandparents' fault for being so generous? mainer Jul 2015 #66

Not necessarily kcr Jul 2015 #74

BTW, U of MD cost per year is $24,587. demmiblue Jul 2015 #14

That is all costs estimated, not just tuition, which is under $10k. bluedigger Jul 2015 #21

$60 K went to tuition in three years leaving 10K per year to live on. What's everyone yarping about Monk06 Jul 2015 #61

The grandparents should have put the parents in charge of the fund. Obviously its the kids fault for stevenleser Jul 2015 #6

I know at that age I would have spent most of the money on fast women and raucous parties . . . Journeyman Jul 2015 #11

;-) +1 nt stevenleser Jul 2015 #34

Keep this in mind. Igel Jul 2015 #23

Yep. And you can see why the loans are given out one semester at a time. stevenleser Jul 2015 #26

Kids have to screw up sometime. jeff47 Jul 2015 #32

I'm sure she's a real person. Brickbat Jul 2015 #10

It was foolish to put her in charge of that much money. HappyMe Jul 2015 #15

Where is Geraldo when you really need him? nt bemildred Jul 2015 #16

I'm not listening to her tale of woe. Paladin Jul 2015 #17

The footnote to the story I wanna know.... dixiegrrrrl Jul 2015 #22

I'm of the opinion that the purpose of University education is to become educated, not trained. Maedhros Jul 2015 #29

By that standard, she has gotten her education already, then. dixiegrrrrl Jul 2015 #40

Education comes from many sources, not just books and institutions. Maedhros Jul 2015 #46

I agree to a certain extent. HappyMe Jul 2015 #41

But it takes a special type of ignorance to get into a mountain of debt TexasMommaWithAHat Jul 2015 #48

My degree is in Geology, with an advanced degree in High Temperature Geochemistry. Maedhros Jul 2015 #49

And I'm sure you had no intention of doing the work you are doing TexasMommaWithAHat Jul 2015 #50

Well, we need teachers and social workers. Maedhros Jul 2015 #67

Yes, we do. TexasMommaWithAHat Jul 2015 #70

Your finances, your call. :) Maedhros Jul 2015 #71

I support tax-payer funded junior college and technical college for all TexasMommaWithAHat Jul 2015 #75

yep. my kids a 4th yr theatre major elehhhhna Jul 2015 #80

I have a B.A. in History, one of those 'worthless' degrees. Made a pretty good living as a lawyer. Shrike47 Jul 2015 #59

Would have answered you sooner, dixiegrrrrl Jul 2015 #72

Hey, thanks. My trip through educationland was damned strange and I wasn't offended. Shrike47 Jul 2015 #76

Same here. dixiegrrrrl Jul 2015 #84

Her story is extreme. Igel Jul 2015 #25

She didn't LOSE her education. She just has to get a loan for the last year Yo_Mama Jul 2015 #39

Europe? ....EUROPE? Warren DeMontague Jul 2015 #18

Europe must sound so far away DFW Jul 2015 #36

Poor pretty pretty princess. NT B2G Jul 2015 #24

So she will only have about 20k debt JI7 Jul 2015 #30

She should apply for a Federal Stafford taught_me_patience Jul 2015 #35

My 20 year old niece Nicole was left $42K by NY mother TexasBushwhacker Jul 2015 #37

smart grandma. elehhhhna Jul 2015 #81

She knew that was the only way she could go to college TexasBushwhacker Jul 2015 #82

too close to home for me to comment olddots Jul 2015 #45

I am not sure how good I would have handled money at age 22 Liberal_in_LA Jul 2015 #47

I was great at it! Phentex Jul 2015 #56

I would have spent it faster than a fire could have consumed it. jeff47 Jul 2015 #62

lol. Liberal_in_LA Jul 2015 #73

Most college aged kids can't manage money for shit. Warpy Jul 2015 #51

That's what trust funds are for. KamaAina Jul 2015 #52

$30,000 a year for tuition, books, incidentals and living expenses Warpy Jul 2015 #54

The total yearly cost for my youngest daughter's university was a bit over $38,000 Adsos Letter Jul 2015 #69

Why didn't her parents teach her how to take better care of herself? snot Jul 2015 #57

They might not have. They might have. jeff47 Jul 2015 #64

Not a new story. I saw it when I was in university in the '60s, NCjack Jul 2015 #65

I can sympathize with her situation, but not blaming her parents. Shrike47 Jul 2015 #77

Sounds as if she may have been left the money outright, SheilaT Jul 2015 #78

It's not her money mismanagement that irks me; it's her attitude mainer Jul 2015 #83