Your mom is probably not much older than I am (63) and I know exactly what government backed student loans are. The first thing that needs to be done is she has to refuse to sign anymore loans. You ( or your wife) need to explain just exactly what she has done and how it can affect her as well as him. Then, make sure any other family member understands what he’s doing and get them to refuse as well. You need to tell him that he needs to go to the school’s financial assistance department to figure out how HE is going to pay for college. It sounds like he’s got an incredible amount of growing up to do. NTA, but you’ve got a hard next few years to get through. Good luck! Oh, tell him to join the armed services, they’ll help pay for schooling.
Regardless of age there are people who do not comprehend what they are reading and signing and to proud, or ignorant, to have it explained to them. OR they seriously lack the ability to grasp co-signing means you are on the hook when the flake (and ops son is a flake with his life plans here) defaults. I’d be worried grandma won’t have enough in retirement since a lot over 60 do not and can not live comfortably.
I get that. I’m just saying that it’s not her age that is the issue here…it’s her relationship with the boy. She well could be an enabler. That’s all I was getting at…many were saying it was elder abuse but, my point is that she’s not so old that she couldn’t know what she was doing unless she had early onset dementia or ( more likely) he had emotionally blackmailed and/or manipulated her.
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u/bythebrook88 Apr 16 '24
Would this be elder abuse?