What would you do if you're in college and your parents ask to borrow money from your student loan?

If you start loaning them money now, it's going to be that way for as long as they live. If you want things to be different, might as well start changing now. Even if they're your parents, it's good to have some boundaries.

My mom is exactly the comparable way. She spent a extensive quantity of money on a clean mattress room set, while she is familiar with even a pair of greenbacks of that could desire to truly help me out with college. i think of that she thinks she helps me to grow to be greater self-reliant, and if I ever only ask for funds abruptly, she is going right into a tirade approximately how she has worked all of her existence for what she has. She extremely would not care approximately me paying it lower back, it isn't the element. the ideal way I even have got here upon to get funds out of her is to mope around for a pair of days, whether that's on the telephone, then while she asks what's incorrect, i'll tell her that i'm in desperate choose of a few funds. That one is tried and genuine, and often gets me a pair of greenbacks. :) wish that helps.

I would say sorry, the money is already spent on books, tuition, room/board plans etc. In the U.S., student loans are not generally paid in cash. They used to be, but then there were always students who used it as beer money. So now student loans are normally disbursed directly to the school in the student's name.

Legally, you can't use a Federally Insured Student Loan for anything other than your education. Since the loan is in your name, you would be the party held responsible, not them.

Laugh and say..its your fault I couldn't get a loan...you both make over 200k

I think that you should'nt of told anyone you had that kind of money in the first place.