U.S. CitiesCity-Data Forum Index
Happy Easter!
Go Back   City-Data Forum > U.S. Forums > New York > Long Island
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-15-2018, 07:23 PM
 
399 posts, read 286,515 times
Reputation: 66

Advertisements

Me and my nephew are very close. He is currently in grad school at Hofstra. His parents paid for most of his undergrad but now he is taking out loans for grad school. He has asked me to borrow $2k to help ease his burden of loans. Unfort I/we currently have our own debt we are trying to pay down. I mean I feel obligated and want to help him but also feel that's his responsibility. I mean if he was in trouble or in a real bad spot I would give it to him in a second. I actually did that for my niece about a year ago when she HAD to get some money together for something. We all pitched in.

Not sure how to explain this to him or what to do. I'll probably give him $1k although I need that myself..lol

Thanks
Reply With Quote Quick reply to this message

 
Old 05-15-2018, 07:54 PM
 
547 posts, read 285,016 times
Reputation: 860
How about just being honest and tell him you cannot afford to do it at this time. If he gets angry or upset and ceases talking to you then you've saved money because he wasn't paying you back anyway.
Reply With Quote Quick reply to this message
 
Old 05-15-2018, 07:55 PM
 
1,483 posts, read 2,713,562 times
Reputation: 983
Quote:
Originally Posted by Mstrlucky74 View Post
Me and my nephew are very close. He is currently in grad school at Hofstra. His parents paid for most of his undergrad but now he is taking out loans for grad school. He has asked me to borrow $2k to help ease his burden of loans. Unfort I/we currently have our own debt we are trying to pay down. I mean I feel obligated and want to help him but also feel that's his responsibility. I mean if he was in trouble or in a real bad spot I would give it to him in a second. I actually did that for my niece about a year ago when she HAD to get some money together for something. We all pitched in.

Not sure how to explain this to him or what to do. I'll probably give him $1k although I need that myself..lol

Thanks
If his parents paid for most of it, I’m sure another 2k is nothing to them.
What’s wrong with him getting a PT or FT job? A taste of the real world.
The 4 letter bad word: W-O-R-K

Last edited by Spanky25; 05-15-2018 at 08:24 PM..
Reply With Quote Quick reply to this message
 
Old 05-15-2018, 08:11 PM
 
Location: In the basket
9,592 posts, read 11,200,016 times
Reputation: 5855
J-O-B

Another 2k added to a loan is peanuts.
Damn kids need to stop with the handouts and expecting to be coddled.
Reply With Quote Quick reply to this message
 
Old 05-15-2018, 09:30 PM
 
Location: under the beautiful Carolina blue
15,765 posts, read 24,025,669 times
Reputation: 11710
Quote:
Originally Posted by ChalkItUp View Post
How about just being honest and tell him you cannot afford to do it at this time. If he gets angry or upset and ceases talking to you then you've saved money because he wasn't paying you back anyway.
Yeah I don't get why you just can't say "sorry, don't have it". Giving away $1000 when you have debt is just plain dumb.

I will never ever understand why people can't just come right out with the truth. Frankly if his parents paid for a lot of his undergrad he is well ahead of the game. If he wants to "ease his burden of loans" he can get a job.
Reply With Quote Quick reply to this message
 
Old 05-16-2018, 02:00 AM
 
6,128 posts, read 3,329,551 times
Reputation: 13016
Karl has hit the nail on the head. Has this guy ever worked? Part of one's life education is learning how to be responsible for oneself.
Reply With Quote Quick reply to this message
 
Old 05-16-2018, 08:29 AM
 
Location: In the heights
20,175 posts, read 21,784,368 times
Reputation: 10258
Give him a gig to do stuff for 2k?
Reply With Quote Quick reply to this message
 
Old 05-16-2018, 08:55 AM
 
1,162 posts, read 860,274 times
Reputation: 1316
Expect that a $1K "loan" will be a gift and you'll never see it again. In my own experience, no relatives stepped up to loan or gift me money for education, and this includes my parents.

He could learn how to hustle by seeking out online gigs for himself or merchandising opportunities. A job would be okay, too, but I think that finding moneymaking opportunities are more educational. Entrepreneurs are made, not born.
Reply With Quote Quick reply to this message
 
Old 05-16-2018, 01:40 PM
 
8,140 posts, read 12,528,557 times
Reputation: 3959
I didn't pick a major that required grad school for this exact reason.


Tell him to get a job. It's nice you want to help, but it's not your obligation or responsibility.
Reply With Quote Quick reply to this message
 
Old 05-16-2018, 02:16 PM
 
4,654 posts, read 2,621,809 times
Reputation: 4130
GRAD school. Most kids if they don’t have the money work at least PT to pay for it.

GRAD school also means an adult. As in stand on his own 2 feet.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Long Island
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top