22-year-old spends $90,000 trust fund in three years of college

Seems almost too good to be true:

The woman, a 22-year-old college junior named Kim, who did not give her last name on air and was allowed to use a voice disguiser to even further shield her identity, came to the three hosts with a confession: in just short three years she had managed to blow through a $90,000 college fund left to her by her grandparents. Kim has one year left of school and no way to cover her remaining $20,000 tuition balance.

[…]

“Maybe [my parents] should have taught me to budget or something. They never sat me down and had a real serious talk about it.”

“[My parents] said there was nothing they could do for me. 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.”

[…]

Bert Show co-host Jeff Dauler: “You could get a job for the school …maybe the cafeteria’s hiring.”

Kim: “That’s embarrassing.”

http://finance.yahoo.com/news/a-college-student-blows-inheritance-bert-show-205833329.html

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Stephen

Professor and quant guy. Libertarian turned populist Republican. Trying to learn Japanese and play Spanish Baroque music on the ukulele.

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