My wife and I co-signed her nephew’s student loans so he could attend a small private college. Six years later, he has no degree, no job, no prospects, nor do I believe he has any ability to repay the loan. It’s around $55,000. He lives with his mother, and only on rare occasions does he return our calls or emails.
It’s similar for people who choose to invest in stocks. They have the expectation that the company will pursue strategies to increase revenue and market share, build investor confidence, and increase the share price. But once you hand the money — whether it’s co-signing a loan, investing in a stock, or playing blackjack — it’s out of your hands. Only loan money that you can afford to lose.
The Moneyist: My late husband did not see his son in 30 years. Should I mail his son photos and other memorabilia — and risk him making a claim on his estate? “Historically, people tended to incur debt at younger ages — to pay for their college education and buy homes — and then paid the debt off during their working years,” the AARP report said. “This enabled them to enter retirement debt-free and gave them a better chance of obtaining and retaining financial security as they aged.” Not anymore.
Make him get a job a skill and manual labor pays well
Pay it. Co-sign means if the person doesn’t pay then you have to. It’s what you signed up for. This is the life you chose.
Imagine 6 years ago putting that 55k in tesla for him. Than letting him work a 9 to 5 kid would be setup very nice righy now.
Lol. Ur screwed.
Sometimes we try to do good, wholeheartedly, and only end up getting screwed. If he spent the money, then it’s owed and needs to be repaid 🤷🏽♂️
Why on earth would someone do that for a nephew?
vote for Biden and Warren's bill?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
University of Wisconsin-Madison graduate student apologizes for falsely claiming to be BlackCV Vitolo-Haddad resigned from a teaching position at the University of Wisconsin-Madison after admitting to presenting as Black even though they are mostly of Italian ancestry. Oops! tariqnasheed co-president Yet Pocahontas still holds her degree. 🤔
Source: USATODAY - 🏆 100. / 63 Read more »
Petition urging Trump to cancel student loan debt by executive order amasses 500K signaturesStudent Loans Justice, a grassroots organization, says trillions could be injected into the economy if government-held student loans were forgiven. Everything is free!!! Sure what student wouldn't sign that Do the millions of responsible Americans who budgeted and paid off student loan debt receive a retroactive check?
Source: Newsweek - 🏆 468. / 52 Read more »
Senators Elizabeth Warren and Chuck Schumer say U.S. should immediately cancel $50,000 in student loans for millions of borrowersSenators Elizabeth Warren and Chuck Schumer are calling on the president to immediately cancel $50,000 in student loan debt for federal borrower -- and even though they don't believe he will do it, they want loans to become a major issue in 2021. It's a pander-mic! Pandering to deadbeats How about those who paid their tabs If Trump can declare bankruptcy 6x ? A student loan should be able to be adjudicated in bankruptcy. Only If Market Watch actually believes in a, so called, free market Free for Hedge Fund managers , students ? No so much
Source: MarketWatch - 🏆 3. / 97 Read more »
In coronavirus fight, medical assistant MJ Martinez' translations are a lifeline for patients'The most challenging part of my job...is having to deliver bad news,' Marajazmin 'MJ' Martinez, a physician's assistant who translates for families, says. 'It may come from the doctor, but the patient or their family hears it from me' HospitalHeroes PLEASE RETWEET: Main stream media -- Stop covering Trump 24/7/365. Start covering Biden, Kamala, Pelosi, Democrats, etc. Stop giving Trump $billions in free campaign advertising like 2016. Is it really worth selling our Democracy for ratings?
Source: NBCNews - 🏆 10. / 86 Read more »
Parents Knew Child Was COVID-19 Positive And Sent Him To School AnywayA Massachusetts high school student went to in-person classes on the first day of school despite having tested positive for coronavirus that same week. Bet that they are QAnon followers Can anything be done to penalize the parents? Maybe if people had to pay fines they wouldn’t pull this crap
Source: ScaryMommy - 🏆 116. / 63 Read more »
Trump Says His Only Failure In ‘Phenomenal’ Coronavirus Response Was ‘Public Relations’The president has argued people should trust a vaccine ‘because of the great job we've done,’ but polls show the majority of Americans disagree. People should probably realize this writer seems like a hack 200,000 dead Americans would disagree. In march, trump said stay home this is serious Democrats said 'dont let this impact your life' or 'go to china town prove you arent racist' If only people would have listened to trump and stayed home, but the msm didnt report that. they were too busy with their new hoax
Source: Forbes - 🏆 394. / 53 Read more »