4.6 • 682 Ratings
🗓️ 20 April 2025
⏱️ 7 minutes
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0:00.0 | Brought to you by Xander Insurance. Compare rates from top-term life insurance companies in seconds at Xander.com. |
0:10.0 | So back when I was going to college, my parents and I took out student loans to pay for them. |
0:15.8 | When taking out the loans, there is no conversation about me having any responsibility for the parent portion |
0:21.9 | of the loans. Now, six years later, my parents are blaming my sisters and I for not having |
0:28.5 | any money in retirement and for filing bankruptcy and saying that after all of that, we're going |
0:34.9 | to have to take over the loans because it's, they shouldn't have to worry |
0:38.6 | about that this time in their lives. And I told them no, but that caused a bunch of arguments. |
0:44.0 | And I suggested family counseling and that was rejected to. And I guess just want to know, |
0:51.2 | are we in the wrong? Having tried to help them, it seems like they have no willingness to change and letting |
0:59.2 | money come between the family. |
1:03.1 | Now, what they've done is gross to put that on you. |
1:06.0 | You are not the solution to their financial mess, and they're just in a real pickle and looking at their pile |
1:12.1 | of debts going, well, if the kids didn't cause all of this harm to us, we would have been in a |
1:16.5 | very different place. The truth is they've been reckless for a long time with their money. |
1:21.7 | They didn't have a conversation about what was going to happen with college and student |
1:25.3 | loans. They decided to take on all of the debt |
1:28.3 | in their name only with this Parent Plus loan with crazy high interest and now they want to |
1:33.7 | pin it on you when they're in a bind. I'm not buying it. And I'm guessing the relationship with your |
1:37.9 | parents has not been great for a long time. That is correct. Yes. It's been transactional and very well. |
1:45.0 | Look at what we did for you and this is what you have to do for us. |
1:48.1 | And I'm also guessing there is a lot more debt laying around here than just these Parent Plus loans. |
1:54.7 | I only recommend term life insurance because it's simple, affordable coverage. |
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