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The Ramsey Show Highlights

Parents Are Expecting Me To Help Pay My Siblings' Student Loans

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 23 April 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought you by Y-ReFi. Refinance your defaulted private student loans today at Y-refi.com slash Ramsey.

0:10.4

Okay, so I fell for the lovely money trap of taking out a lot of student loans.

0:17.4

And I had $85,000 in my name and 50 were through parents plus loans through my parents.

0:23.6

Now, I did tell my parents, of course, I would help them pay off whatever they put into their name.

0:29.6

Um, so I've been working really hard for the past eight years and I paid off all of the student loans that were in my name.

0:36.6

Um, so I have no that were in my name.

0:40.9

So I have no debt legally in my name.

0:46.0

But when I went to tell my parents about it, like, hey, I'm, I know I've been throwing money at you guys for this every month, but I'm really going to start to focus on it.

0:49.9

They kind of told me that they combined my loans and my siblings' parent plus loans that

0:57.0

they took out for them into one big student loans pot.

1:03.0

So I'm kind of, I was kind of a shock that they said that because I've been paying towards

1:09.3

it and instead of paying towards mine, I've kind of been paying towards everybody.

1:14.3

No.

1:14.6

So now I'm like, no, no, no, no.

1:17.5

And at a point we're like, I don't know what to do.

1:21.1

You did not make an obligate, okay, number one, stop.

1:24.8

Number one, you don't have any legal obligation at all.

1:27.7

You do have a moral obligation because you promised to pay your part,

1:32.0

but you did not promise to pay your siblings part, correct?

1:36.2

Correct.

1:36.8

Okay, so how old are you?

1:39.4

I'm 29.

...

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