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Iamsemisweet -> RE: Should I stop searching? A question of youth. (10/1/2011 9:13:32 AM)
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His parents should have been saving the money for him to go to college. They had 18 years. As for not finding a job after looking for 3 years, yep that happens. You've heard that there are people who have been unemployed since 2008, right? The 99 weekers? Only now, they are more like 150 weekers, since there unemployment benefit extension is being considered again. Are they all just slackers?
That his parents are going to walk away from the OP is obvious, regardless of what I think. This is just unimaginable to me, but whatever. So let's say he does get a job at McDonalds. Not sure what minimum wage is, but let's say 10 bucks an hour, net after taxes 8. Tuition at IU ( go Hoosiers!) is 10k per year, in state when you include all the fees and and everything. Let's say books, rent, food, whatever is another $1200 per month, for 9 months. That's about 21k per year, or 84k for 4 years, assuming no tuition increases. Fat chance, but we will assume that. He would have to work at McDonalds 8400 hours to pay for school, and save every dime he earned. The fact is, college is pretty unattainable for someone in OPs position. So, his parents have managed to raise someone who will probably struggle financially for the rest of his life, instead of thinking ahead when he was born and joining one of the college savings plan most states have. They must be so proud of the job they did as parents.
The greatest thing my parents ever did for me was send me to college. I don't know what my life would be like if they hadn't. Same with my ex husband's wonderful parents for him. I paid for my law degree, but they gave me a great start by paying for my undergrad. Consequently, we never struggled financially, and did the same thing for our kids. So, my parents gift to me has kept on giving to their grandkids. That's a legacy.
I am afraid the baby boomers have managed to raise a generation of kids who will be worse off than their parents. I think that is sad.
Op, lose weight, try to get in the military. Lie if you have to. That is probably your best hope for a better life. alternatively, still lose weight, and try to get into a trade. There will always be a need for diesel mechanics and things like that. And if your parents ever struggle in their retirement ( not an unlikely scenario given the state of social security) just tell them to pull themselves up by their bootstraps.
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ORIGINAL: sirsholly
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ORIGINAL: Iamsemisweet
it is an unbearable burden to start out life with a 100k of student loans.
But it is acceptable for his parents to face the end of their lives with the same debt?
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ORIGINAL: Iamsemisweet
Sounds like OP's parents can afford it, if they are moving to Hawaii. Or, they can go in debt sending him to school.
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