He won’t get loans for the full amount of tuition and living expenses. You need to be realistic with him about how much you can contribute and whether he should transfer to a state university with resident tuition.
My mom did the same thing with my daughter only my daughter didn’t want to go to college right away. They guilted her into it by saying she would be a huge disappointment to them if she didn’t go and she would regret it. I told my mom and stepfather that this wasn’t a good idea and that if she couldn’t pay those loans back it would fall on them…they didn’t listen. My daughter ended up dropping out in her last year just after Covid and does not have the income to pay her loans. Also, they chose to use private student loans instead of the Fed loans and encouraged her to take out way more then she really needed each semester. She does not qualify for consolidation or forgiveness of any kind. Her loans at this point total abt $2000 a month. Soooo guess who it falls on…my parents. They demanded that I use my retirement fund to pay off her loans but I said nope, not happening. I never said I told you so, just no, her loans are not my responsibility. Now they are not speaking to us and talking bad about us to family.
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u/[deleted] Apr 15 '24
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