Posted on 07/16/2015 9:16:47 PM PDT by Redcitizen
Atlanta radio program “The Bert Show” had a guest on this week who has managed to incite the rage of just about every millennial in the state of Georgia (and beyond, the show is syndicated in 11 states).
The woman, a 22-year-old college junior named Kim, who did not give her last name on air and was allowed to use a voice disguiser to even further shield her identity, came to the three hosts with a confession: in just short three years she had managed to blow through a $90,000 college fund left to her by her grandparents. Kim has one year left of school and no way to cover her remaining $20,000 tuition balance.
(Excerpt) Read more at finance.yahoo.com ...
I never whined once that my folks didn't do more. They did help some, and I was grateful for their assistance.
The young lady might have just learned the uber important lesson that no one is entitled to anything but a chance to work hard and succeed through effort.
“Call it quits after three years and grab the old fashioned Mrs Degree.”
This only works if you are “hot”. If not, work hard and study, honey - as the kids say, “sucks to be you”.
“I never whined once that my folks didn’t do more. “
Never bothered me - you can’t get blood from a turnip.
I listened to all three full interviews earlier tonight, and I had the same thought that you did: $90,000 would be $22,500 per year for four years. Most colleges today charge more than that.
But, she says she pays $20,000/year. Let's assume she's estimating, and she really pays $22,500/year. (Maybe a scholarship or financial aid is covering the rest.) She paid for the first three years, but she says she spent the rest on clothes and a trip to Europe. That means she must've spent $22,500 on clothes and a trip? Nah... that couldn't be, could it?
“Nah... that couldn’t be, could it?”
Nah, no way. /s
Spoiled children grow up to be democrats...
These days....for a 60-day European trip, if you didn’t do it the cheap way but actually stayed at real hotels and ate 50-Euro of food/beverage a day.....you’d burn through $25,000 very easily. It’d be a stupid way of spending money, but I could see someone doing this.
Maybe it’s difficult for us all to imagine because we’d never do such a thing, unless we had money to burn... and no college tuition to pay for.
She should look or a job at McDonalds,she is too stupid to go to colege!
helicopter parents babied her result spoiled and immature in the 20s. May take a while for maturity to kick in. Feel sorry if a guy marries her before that happens as she sounds really high maintence.
I will tell this story, which a co-worker related to me three years ago.
In his youth (1980s), he was in the Air Force and living in the barracks. There was a lady friend he knew there, who decided on some early December day to go Christmas shopping with another lady friend. They got to the mall and in the parking lot....decided to make a bet.
The bet was....who could accumulate the most new credit cards/accounts within four hours. It’s a stupid bet....you might say.
But after four hours....my co-workers lady friend had “won”....with twelve new accounts or credit accounts. Within a two year period, she’d accumulated roughly $60,000 of debt off those twelve accounts. At that point, it was unmanageable and she could not keep up with payments. With interest, it eventually got up to around $90,000.
From that point, it took around twelve years of hard work and dedication to eventually pay that off. Along the way....one husband would leave. She would find herself at age forty....still without a house, just a renter.
He bumped into this lady friend in DC one day....she was now in mid-40’s and finally finding some success in life. People just don’t know the weight of being strongly in debt and how you never climb out of the pit without suffering.
So true. That's a lesson all children need to learn, beginning from a young age.
There are some very book-smart people who drive themselves (and often their spouses) into deep debt and never recover.
“Blows” $90,000 in three years?
I don’t get the headline.
It’s tough to find - or get into - a first rate college in America that charges less than $30,000 a year for tuition, room, board, books, fees, and (usually) health insurance.
So, it’s a story about a young woman who did not budget for her senior year, and, apparently knows nothing about student loans or working a summer job.
This is not exactly news in my part of the country.
Gertrude Stein called Hemingway’s people as “The Lost Generation”.
millenials are worse: not only are they lost, but they are last, as in “The Last Generation”, meaning the human race will end with their generation.
The beheadables may seem smart and coordinated, but combine these two traits with personal weakness, personal instablility, gullibility, and an abject lack of wisdom, and they’ll end up destroying humanity through themselves.
I always remember those old VW Beetle ads. One of them featured a litany of quotations on the virtues of frugality. I remember one in particular attributed to a Roman source: "I have carried rock, and I have carried salt, but there is no load as heavy as debt."
Atv18 she us an adult ... an adult with 90k to s8end on education.
You can’t fix stupid Napl ?
Went to school full time. 16 credits a semester. Graduated with honors. Took no money from mom and dad. Worked on campus, waited tables, tutored and cleaned houses. And then put myself through grad school the same way, as a TA and tutored, and cleaned houses, waitressed.
Funny thing. Best years of my life.
She could always auction off her virginity on eBay.
Oh ... wait ..... (never mind)
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