theMonster5 74 Posted July 31, 2014 Share Posted July 31, 2014 The parents co-sign $200K in student loan for their daughter's nursing study but the she passed away from liver cancer, so now the parents owe $200K and have to raise her three kids. First of all, a 4-years college for nursing can cost only $50K so why did she took out $200K for? Maybe she spend it on herself and her 3 kids and living expense? So never co-sign a loan unless you can pay it yourself in case someone default or die. Read the story Link to post Share on other sites More sharing options...
Shaney 5,515 Posted July 31, 2014 Share Posted July 31, 2014 I'm sorry but who would ever taken out 150k dollars extra in loans and have a co-sign? Poor parents, and poor woman. but that was so not smart. Link to post Share on other sites More sharing options...
Logan 20,827 Posted July 31, 2014 Share Posted July 31, 2014 That's insane. Link to post Share on other sites More sharing options...
RAMROD 117,130 Posted July 31, 2014 Share Posted July 31, 2014 I know many students using student loans for buying cute clothes, latest gadgets, and stuffs, than to use it as it should. So they were having bigger debt than they should. And these kind of people who will suffer in the end for their lacklustre action, when it is time to pay back the loans. It will take years for them. On topic, I hope this is not thr case with this ine. Poor parents.. (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
inuborg 4,136 Posted July 31, 2014 Share Posted July 31, 2014 I can't even get 10k I root for you. I love you. You, you, you, you. Link to post Share on other sites More sharing options...
JaggedMonster 2 Posted July 31, 2014 Share Posted July 31, 2014 Only in the USA Link to post Share on other sites More sharing options...
BillieGOAT 5,272 Posted July 31, 2014 Share Posted July 31, 2014 I'm sorry but who would ever taken out 150k dollars extra in loans and have a co-sign? Poor parents, and poor woman. but that was so not smart. Link to post Share on other sites More sharing options...
uo111 5,282 Posted July 31, 2014 Share Posted July 31, 2014 They should've taught their daughter about birth control. tbh Link to post Share on other sites More sharing options...
AyaKara 2,282 Posted July 31, 2014 Share Posted July 31, 2014 The parents co-sign $200K in student loan for their daughter's nursing study but the she passed away from liver cancer, so now the parents owe $200K and have to raise her three kids. First of all, a 4-years college for nursing can cost only $50K so why did she took out $200K for? Maybe she spend it on herself and her 3 kids and living expense? So never co-sign a loan unless you can pay it yourself in case someone default or die. Read the story It can be $200K if you go to a private university. Columbia's nursing program is 80k for the first year. I feel bad, she was going to school to be able to support her children. It sucks. Link to post Share on other sites More sharing options...
theMonster5 74 Posted July 31, 2014 Author Share Posted July 31, 2014 They should've taught their daughter about birth control. tbh This is another topic, but she KNOW about birth control since she's in medical school for nursing. So she planned to have three kids! This is about a $200K loan that other people shouldn't co-sign. :P Link to post Share on other sites More sharing options...
Morphine Prince 109,683 Posted July 31, 2014 Share Posted July 31, 2014 How sad that she died and that her parents have to pay all of this back. It won't only be an economic struggle, but it will also be a constant reminder that their daughter is dead. I am betting this girl went to a private institution for it to be that expensive. Link to post Share on other sites More sharing options...
Benji 20,113 Posted July 31, 2014 Share Posted July 31, 2014 The US needs UK law for student loans, you only pay it back when you're earning enough money to already be living comfortably and if you reach the age of retirement or die before the loan is paid back it is automatically wiped. Link to post Share on other sites More sharing options...
theMonster5 74 Posted July 31, 2014 Author Share Posted July 31, 2014 It can be $200K if you go to a private university. Columbia's nursing program is 80k for the first year. I feel bad, she was going to school to be able to support her children. It sucks. Yeah, but why go to a private university when she can't afford it? You can go to a 4-years public college for $50K, maybe less if you go to community colleges for the first two years. Link to post Share on other sites More sharing options...
hmm 979 Posted July 31, 2014 Share Posted July 31, 2014 The US needs UK law for student loans, you only pay it back when you're earning enough money to already be living comfortably and if you reach the age of retirement or die before the loan is paid back it is automatically wiped. Was about to say that. The US system looks really messy Link to post Share on other sites More sharing options...
theMonster5 74 Posted July 31, 2014 Author Share Posted July 31, 2014 Was about to say that. The US system looks really messy The US system cause people to be more responsible in the first place and make people work harder, save & invest more. We don't play around over here. LOL If a lot of loans are forgiven then the companies would lose money and have to lay off more people. Link to post Share on other sites More sharing options...
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