My boyfriend's younger brother is currently in community college. After failing three consecutive semesters, he has under a 1.0GPA and has lost his financial aid eligibility. My BF now has a successful career, but he experienced similar struggles back when he was in University and now deals with crippling private loan debt. Due to empathy, he agreed to keep his brother's financial situation a secret from their parents and to help him get back on track.
The new semester has started and now the brother is again asking for help paying for school, but is not demonstrating any motivation/plan to change his studying habits. I brought up the idea of the brother taking out his own private loan, which was what motivated my BF to do well in school again.
BF agreed but said it was problematic because a private loan requires a co-signer, which his parents cannot sign for (because 1. this is a secret and 2. they are both unemployed). Also, my BF does not want to co-sign, as he has his own insane debt + he doesn't trust his brother to make the payments since he spends all his money on friends and recreational drugs (of which we find out from talking to his cousins). What is the best course of action?
Submitted January 21, 2021 at 06:48PM by hottypot https://ift.tt/395Fkl9
