College Student Blew Her $90,000 College Fund And Blames Her Parents

| by Lauren Briggs

A 22-year-old college junior cannot afford her last year of school.

While this sounds like a common plight of most students nationwide, the reason she can’t foot the bill is because she has already blown through her $90,000 college fund, reports Yahoo Finance. The woman is short more than $20,000 for her final year, and she blames her parents.

The woman, who identified herself only as Kim, admitted to an Atlanta radio program, “The Bert Show,” that she spent most of the $90,000 that her grandparents left her for college on clothing and a trip to Europe.

Kim, who a radio co-host referred to as “the millennial that even millennials hate,” defended herself when the radio station suggested that she should have been better with her money.

“The Europe thing I thought was part of my education and that’s how I tried to justify that,” she told the station.

The radio hosts convinced the student to sit down with her parents and tell them the truth — that she ran out of money. At that point, Kim blamed them for her financial irresponsibility. “[They] should have taught me to budget or something," she said. "They never sat down with me and had a real serious talk about it.”

Even though she told the station that talking to her parents would make her feel ill, she finally mustered up the courage and had a heart-to-heart with them. She called the station again, frustrated by their response.

“[My parents] said there was nothing they could do for me,” she said. “They’re not being honest with me saying they don't have [money] because my dad has worked for like a million years and they have a retirement account.”

When both her parents and the radio hosts suggested that she take out a loan, she was dumbfounded. “I have to go inside the bank to get a loan?” she asked with distaste.

Eventually, she did go to her credit union and inquire about the loan, and her parents even agreed to co-sign under the condition that she get a part-time job. When a radio co-host recommended checking if the cafeteria was hiring, she refused, calling the job “embarrassing.”

Nearly four out of five college students work part-time, averaging a total of 19 hours per week. Most of these students use that money to pay for college expenses, according to a survey posted on Business Wire. 

“I know they’re trying to teach me a lesson and blah blah blah and character building but, like, I hope they realize [working part-time] could have such a negative effect on my grades and as a person," Kim complained to the station about her parents.

Sources: Yahoo Finance, The Bert ShowBusiness Wire / Photo credit: Marjan Lazarevski/Flickr