Perpetual Students

[dfrecore]

I have a friend who is married and has three kids. They live with her parents. Her husband is in college right now at a nationally accredited diploma mill. He will owe over $200k when he graduates if he only took loans out for tuition and not for living expenses.

We live in Central Florida. There is no way they will ever be able to afford to move out. He won't even be able to find a job in the field he is training in. He'll be lucky to get his old trucking job back, just now he'll have a $2600 monthly payment to make.

I get so frustrated with stupidity.

This is not a diploma mill problem; it is a judgement problem.  Anyone that moved in with their parents and goes $200k into debt for a school when they're married with 3 kids is just silly.  Even if it was med school, it still wouldn't be a great option; just about anything else is nuts.

Lucky for my kids, this isn't an option.  Because if they said "I want to move in with you so that I can go deeply into debt to finance a college degree," my answer would be NO!  There, that just went out the window.  Onto a new plan, because that one isn't going to work.

Also, if my husband thought this was a good plan for our life, he would be wrong, and I would let him know that in no uncertain terms.  Again, NO!  If your friend had told her husband NO, and her parents had told them NO, maybe this wouldn't be happening right now.