Life's hard for kids..

[kristina]

'I just wasn't very good with my budget,' she went on. 'I also [used] that budget for school clothes and stuff like that. My college break money, I [took] out of there, and maybe I should have not done that.'

Frankly, I don't think missing her last year in college will be a big career inhibitor for her....

Given her level of ambition, responsibility, and intellectual prowess, I'm sure she'll have no problem finding a top-flight job in either the food service or housekeeping industries....*







*10 points for the first person who identifies that film reference without Googling....l

Ghostbusters (the first one)

[Lord Jim]

[dgs49]

One thing not mentioned is her college major. I won't speculate, but it might prove enlightening in conjunction with her failure to plan adequately. You have to give her credit for exposing her predicament publicly time after time, knowing that many if not most in the audience think she's an irresponsible, spoiled twit.

Surely there are student loans available somewhere that can be paid off after she graduates.

Most of the kids in my neighborhood ABSOLUTELY feel like their parents owe them a college education (including a semester abroad) - and I'm not talking about commuting to Community College either. These kids live on campus even when they go to a local school, so that they can benefit fully from the "college experience." The only real point of discussion is whether the parents are also obliged to cover a graduate degree (usually not, unless it is med school).

In sum, I think her father is being a dick-head. He should somehow facilitate the last $20k.

[Big RR]

Surely there are student loans available somewhere that can be paid off after she graduates.

Not many if her parents have the means to pay; unfortunately most of the programs, even loans, are needs tested based on the means of the parents. I would imagine she could become financially independent, but imagine that's not as easily accomplished as it once was.

Actually, I do blame the parents some for raising her to have this entitlement viewpoint of life, but she has to learn the hard lesson that no one owes you anything, nor does anyone have to dig into their retirement accounts to suit your needs. She's better off learning it now while she's young.

[Crackpot]

I'm not entirely sure she managed her money all that badly if tuition is 10k per semester as stated then living on 10k a year is t that much especially when you factor in books and possibly living on campus.

That being said she definitely has some attitude problems.

[Big RR]

Maybe, maybe not; but then she described her budgeting as bad. And given the way tuition spirals, $10,000/semester this year means that her tuition as a freshman was less than $8000/semester, so she had a little more money. Add into that what she could or should have earned from summer jobs, and she could have done all right. And FWIW, my guess is that she's attending a state school and lumping room and board into the tuition (most private schools have tuitions in excess of $20,000 a semester while most state schools do not have tuitions approaching $10,000 a semester), meaning the excess money would have gone to books, fees and miscellaneous expenses.

eta: I just checked the Georgia State website and it shows a tuition of around $5000 per semester (a little less) and room and board around the same (depending on the type of housing selected).

[oldr_n_wsr]

Each of our kids had a college account which was set up to pay for in state tuition. The son chose an in state school and was pretty much covered. The daughter chose to go out of state, which left her with not enough money. She took out loans. Both worked hard (a lot of hours) in the summer so they didn't have to work during the school year and could concentrate on grades.

Daughter paid back the loans in full less than two years after graduation. She is in contract on buying a house (solo with over 20% down payment). She just turned 26 yo.

I think we did a good job on most facets of the "facts of life" with our kids.

[Gob]

Hatch is currently working two jobs, dental assistant and admin clerk, to pay her way at Uni.

[oldr_n_wsr]

Good for her.