Posted on 07/17/2015 3:40:21 AM PDT by redreno
She has spent the last 7 years pursuing a degree in a technical field she has virtually zero aptitude at, blowing through the entire trust at two different colleges, and she has no degree to show for it. Twice asked to leave college due to low academic performance. In one case, she has taken a particular class (required for her degree program) literally 4 times now to finally achieve a passing grade.
She is now, maybe, going to graduate after this fall's term. She now has student loans for this summer term and this coming fall term. Gut feel is she will not interview very well simply because she lacks competence in the field. If she manages to get a job in the field, and if she manages to keep it she will not rise very far nor very fast. Sad to say but perhaps the best thing that could happen to her would be to bump into an awkward geek in the field, fall in love, get married, get pregnant, and become a stay at home mom. Though I'm not too sure she'd teach her kids to make good decisions, she would no-doubt impress perseverance on them.
One of my son’s is in college majoring in aerospace engineering. He’s gotten some scholarships and is borrowing from me, but I’m getting tapped out.
He’s working full time over the summer and should get a good paying internship next year.
I’m not against student loans for a hard sciences major but the student must limit the debt as much as they can.
For those of us who had no family help through multiple degrees of education (except a small scholarship or two) this is just mind-numbing. The mind-numbing component is the “blame the parents” routine.
Reminds me of the little sweetheart in NJ who sued her parents for college $.
Aroma Therapy
Basket Weaving
Women’s Studies
History of 13th Century Arctic Pottery
This wasn't "good enough"... The girl just wanted to be difficult for the sake of being difficult, common behavior found in old-school feminists and modern millennial females. The professor remained calm, and offered the class a different practical example, and worked out a solution on the chalkboard. The girl interrupted the lecture a THIRD TIME, complaining that she saw no benefit in covering the mathematical operation/theory being discussed. The professor, who was at the chalkboard with his back to the lecture hall, stopped, set the chalk down at the bottom of the board, slowly turned around, and addressed the entire lecture hall. "A few of you will grasp these concepts, move forward in your studies, graduate with bachelor degree in your chosen engineering discipline, and go forth into industry to become the designers, the makers, the producers and the drivers of our nation as Professional Engineers. Some of you, however, may want to consider that they would better serve society by MARRYING a Professional Engineer. The lecture hall ERUPTED with laughter, the little twat, completely humiliated, put on a air of being offended, made a few snarky comments as she got up, and left the Hall in a huff. I imagine if a college professor were to say something so absolutely SPOT ON these days, he would be fired. True story... back when my father was in engineering school there was a particularly "difficult" affirmative action female in the calculus 2 lecture hall, that kept interrupting the professor, demanding to know "Why we have to learn this". The professor stopped his lecture, entertained the young lady, and responded with a practical engineering example of the lecture topic being used.
The really sad thing is my niece has a demonstrated aptitude - heck absolute gift - in another field that could be fun, interesting, and pay really, really well. Yet that's "just a hobby" to her and she refuses all suggestions made by virtually every family member to pursue a career where she could put that to use. SMDH...
$90,000 invested in stock would make her rich by the time she was 30. College looks to have been a complete waste for her except for the vacations she took.
FTA: Kim has one year left of school and no way to cover her remaining $20,000 tuition balance.
Answer: Get a job.
At $500 a month payments it would be less then 4 years to pay off that $20,000
True. But IQ gives clues as to how stupid someone is.
I believe that common sense and IQ relate to each other.
Part of the blame does fall to her parents.
Did they sit her down to tell her that trip to Europe would end up not being free?
It’s happening all over the country. Parents are cosigning their children’s future of debt.
Stupid parents....I’m a grandparent who told our grandson he had 10K from his great, great, great Uncle (we actually have more but didn’t tell him) ...we told him it could be used for college or starting a business...he chose community college. He protested when I said we would require grade transcripts...but finally got the message...ACCOUNTABILITY is required.
My nieces kids grandfather died a couple of years ago and left all his money to the kids. A very large sum and lots of really nice income property. He set up a trust that they will get income from for the rest of their lives. He left them $200k ea to go to school. That $200k is tightly controlled however. If they don’t get a college degree they get nothing down the road.
That’s the smart way to set up a trust. He did good.
Exactly. We are paying for both kids’ college and they have to dedicate themselves to doing it correctly and we are buying a beach condo.
I paid for every dime of my education. Would never have even thought of asking my parents. I was an adult and it was my responsibility. I even took a job after my Bachelor’s specifically because I could get my Master’s for free through them.
My son knows how much is in HIS college account. If he lives at home and goes to school, he’ll graduate with a BMW waiting on him. That’s how much will be in the account upon graduating.
That’s one cheap azz kid.
Look in her closet and see how many Prada purses and shoes etc... Shoot I’ll bet she is no living in cheap campus housing either.
Her parents are fools to co-sign for a loan ... they may as well just go out in the front yard and burn the money.
We taxpayers are paying good money to pay for the squandering behavior by similar Gibsmedats every day - people useless in anything but sponging and figuring out their next scam but who feel entitled to our money. The welfare rosters are chock full of them. The politicians love them because all they need to get their votes is giving them more money (ours, not theirs).
Years back, we went to a Wills and Estate attorney (for our will). Our youngest was in diapers. His best advice was this: set up the estate (in case both are killed) so that the child receives a percentage at different points in his or her life. I I recall correctly, we did a % for 18, 25, and 35. His point was that time period of development (hopefully) ensured that the young person matured. An 18 year old looks at money hopefully differently than a 35 year old. IMHO, the grandparents could have set the trust up in increments and specified that the money went for tuition/books only. Sounds to me like it was simply a check (bulk amount). They could have also specified that any money after a BA or BS was acquired could have been used for personal use. Thus, the incentive could have been to not only spread out the money but to choose a less expensive college and pay for the books etc.. with a part time job.
Sorry about your friend’s son... that is just awful.
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