4.6 • 682 Ratings
🗓️ 28 June 2024
⏱️ 9 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.0 | So back in college, my parents loaned me about $18,000 to go to college. It was $15,000 in principal and $3,000 in interest to help me pay for college. |
0:20.0 | Under the agreement that I would pay it off |
0:22.1 | within three years of graduation. Fortunately, I was I was able to do that, but after listening |
0:30.6 | to many, many episodes of your guys' show, I feel a little bit, you know, taken advantage of. |
0:38.5 | And my question is, is it worth expressing my feelings to my parents now, |
0:43.5 | despite the loan being paid back? |
0:45.8 | Or do I just accept the lesson, don't borrow from family, |
0:49.9 | and try to do better with my own kids going forward? |
0:53.5 | Okay. I'll start because I think I represent my colleague here. |
1:00.2 | I don't know that we can answer that question without understanding why it is you think they took advantage of you. |
1:05.2 | Based on what you've laid out right now, right? |
1:08.4 | It doesn't sound like they took advantage of you. |
1:10.4 | So what are we missing that makes you feel like they took advantage of you? |
1:14.7 | Correct. |
1:15.3 | So I knew the full amount when I signed for it. |
1:20.3 | You know, they told me things like you can go get a loan from a bank, but God forbid something happened while you're paying them back. |
1:27.8 | You know, |
1:34.8 | were your parents, we would be much more understanding of that situation should it present itself. |
1:41.8 | And I guess it's the whole charging interest thing that I guess doesn't sit right. |
1:45.9 | Okay. Another question. You've paid this all back, as I understand it, correct? |
1:46.9 | Correct. |
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