My Parents Expect Me To Pay Back My $114,000 Student Loan

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 10 February 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	If your private student loans are in default, you're not out of options. Go to whyrefi.com
0:08.1	slash Ramsey. So I'm 30. My husband's 31. Our household income is about 235. My parents had set up a
0:16.4	529 plan for me when I was young, which I ended up using to pay for the majority of my undergrad and grad
0:22.6	schooling. I did take out a couple of federal loans just to cover the remainder of my grad school,
0:28.4	which we still owe about 35,000 on. Recently, my parents asked me to pay them back, roughly $114,000 for the money that I used from my 25-29 plan.
0:42.0	What?
0:42.5	Come again now.
0:44.0	So is that the money they put in, or was that the balance of the account?
0:48.8	That was the balance of the account.
0:50.7	That's wild.
0:51.8	They don't even understand math.
0:55.5	Like, they may have put in 30 grand that grew to 114, and now they want you to pay the 114.
1:01.1	The interest.
1:02.2	They want you to cover the compound growth that cost them nothing.
1:05.6	Was this ever the plan?
1:07.0	Like, had this ever been stated to you ever at any point that you would have to pay this back?
1:12.6	I don't remember it that way, but my dad is a lawyer.
1:17.0	So naturally, he had created a promissory note.
1:22.0	You signed it?
1:24.4	Yeah, before I was.
1:25.9	Okay.
1:26.3	Have you read this note now as an adult?
	...

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