Posted on 02/26/2009 5:16:21 AM PST by dennisw
Oh yeah, forgot to mention that she was able to work while at CC. Great habits. Continued that thru Loyola.
no indication whether he is winning or losing at poker.
if he is a losing player, backing away from the tables might be necessary because he will need his education to make a living.
if he is winning, he could pay for it himself, or skip college for a while and play poker for a living.
btw, if he was playing online in 10th grade he was probably underage. throw this story around enough and Obama will get the idea for another area to micromanage.
Awesome! That’s the other great thing about CC, you can actually get homework done and pump up the GPA! Imagine being a 17 1/2-18 year old teen suddenly 1,000 miles from home living on a campus with 20,000+students. I don’t know how they do it. Much better IMHO to grow up a bit, be 20 and then make the move.
very rare poker ping
FULL LOAD SCHEDULE..FAIL 1 CLASS AND YOUR ON YOUR OWN
We made our children get a Stafford loan and it was their responsibility to pay $3500 per year. The first year Stafford was $1500 so they had to work to save $2000 before freshman year. They all had to have jobs in college to get spending money.
Once they started classes we told them that they had to get a 3.0 or we should not pay room and board ( about$4500 per semester). My oldest daughter missed twice so she had to take out loans totaling $9000. She got the point.
Sad but true.
Then if the kid won't work then he should not ‘eat’, he will get hungry enough quick enough to at least fill the dishwasher or sweep a floor, or learn to cook. Make him do something for himself.
These parents also need be on the alert for credit card companies enticing their son into poker fun debt. My children were flooded with invitations for ‘free’ (cough, cough) money the day they turned 18. Gambler's Paradise.
And NO my children did not or at have not yet gotten themselves into gambler's debt. But the temptation is mighty powerful.
IMO their son needs some professional help before he goes to college. It sounds like he has addiction problems (gambling) along with being anti social (no friends). I am concerned that he has depression problems, please encourage him to get help ASAP.....it could save their sons life
If they send him off to college now, things will only get worse. College would be the worse place for him.
Sadly, my take is that any amount is too much. Money down a rathole.
no indication whether he is winning or losing at on line poker.
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I think he’s gotten very good. He said he was not good in the beginning. From telephone conversations with him I think he is being truthful and that he is quite good
No money is at stake. Just pretend type games
An on-line gambling addiction? Parents should not give one dime for anything except therapy to cure him.
The boy needs to get a job and if he happens to go to college that’s fine. They are right, he needs some skin in the game. Maybe the entire first semester of tuition he should pay? The parents could agree to pay for books and room & board, but the tuition would be his. Then, every subsequent semester that he earns a 3.0 they could pay for an accumulating 15%. So that, starting his Junior year, after three semesters of a 3.0, they would be paying 45%. We have enough 30-year-old children addicted to games, no need to enable another.
IMHO, this child needs to be slapped in the face by reality, before he's mature enough to be a full-time college student on his own.
Perhaps the parents should pay for ZERO of his first year in community college ... if he can hack that, then maybe he can think about going off to a regular, four year university.
The reason many parents who cannot really afford to pay for their children's college expenses do so, is because they mistakenly believe that a college degrees (as opposed to a college education) guarantees success in life. Those parents tend to ignore the reason for attending school and college is to provide students with the knowledge, skills, abilities, and competencies to be a contributing member of society, that is, one who earns a decent living, pays his or her taxes, etc.
About a week ago there was a post on FR in which a nitwit named Mindy borrowed $35,000 at 9% to attend college. She graduated with a degree in accounting and maintains since she allowed her debt to skyrocket to over $90,000 (Read: She did not even pay the interest. Not paying any interest under those circumstances means she went almost 8 years after graduating without paying a single cent of the debt!) she will only be able to pay the debt is she wins the lottery or she receives a significant promotion. She isn't much of an accountant. If she borrowed the entire amount before attending college and deferred all payments until she graduated, she would have owed about $45,000. If she budgeted $175.00 a week, she would have paid off the debt in 6 years and 27 weeks.
My conclusions are that Mindy may know how to add and subtract on a balance sheet, but she does not know much about creating a balance sheet, and she is too self-centered to pay her just debts. Even at $41,000 a year, which is a bit less than $800.00 a week, paying $175.00 a week for an obligation into which she freely entered shows that she expects others to pay her bills for her. I wish her will in finding a rich husband, but I really wish she would make good on her own obligations rather than b1tch about how little she gets paid and how much deeper in debt she is falling because she has yet to make the first payment on her debt.
This country would be greatly improved if parents began reminding their children of the value of an education while at the same time reminding them they should plan to pay their own way in life.
there is no way to determine his skill level if all he is playing are free games (i.e. no money involved). if he wants to know if he is actually skilled at poker, he will play for money.
maybe his parents should stake him to a small bankroll and let him play for real. if he wins, he can follow that path until tired of it, and then he can go to school. if he loses his roll quickly, maybe he will realize he isn’t that good after all, and will concentrate on school.
btw, since I didn’t raise any kids, taking my suggestions in this area would be foolhardy :-)
never had summer job
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This pretty much sums it up, IMO. The issue is not the kid, it is the permissive parents who allowed the kid to skate.
The parents should continue to offer help with tuition, etc. but ONLY when he gets himself straightened out. Otherwise they w/b throwing their money away.
I am parent of four, all with undergraduate and advanced degrees.
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