<p>Rhandco posted: - The most extreme thing to do would be to call the lender of the Parent Plus loan for the $4.5K she took from you, and let them arrest her. She stole your money. Period.</p>
<p>This is not true. A parent PLUS loan is a loan to the parent. If the parent keeps all the money, so be it. NOTHING the child can do about it. It is the ridiculous system set up by the government that the parents are supposed to pay, but not required to. If the check goes to the parent, then the parent can eat it, wear it, watch it, vacation on it, or any other thing they can think of. Nothing the student can do about it. No arrests to be made (and arrests are only made by law enforcement when they feel a crime has been committed). If the student gave the parent access to her bank accounts, then that student made a big mistake.</p>
<p>Let me start this off with: my mother is not the most financially responsible.
She still owes me $4.5k that she borrowed my freshman year of college, after she advised me to take out “everything I possibly could” money wise. But I digress.</p>
<p>All that money included two Parent PLUS loans, that are in her name because of their nature. I wasn’t under the impression I was getting free money, I knew I would have to pay her back. I just didn’t know she was going to let it sit there for 4 years accumulating 5k in interest, which I just found out today.</p>
<p>I was always in control of my other student loans, which I have been making monthly payments towards to keep the interest down. I would have been making payments to the other one the entire time if I knew…</p>
<p>I guess I need some legal advice. What do I do? She withheld this information from me, I feel like I shouldn’t have to be punished for that. I still have another year of school so I can’t make a big payment towards it. I worked all summer to make enough money to get me through this next year.</p>
<p>Any advice?
Sorry for the bitterness - I’m still really angry.</p>
<p>I agree with post 20. You are old enough to have your accounts in YOUR name only. You need to move the money from a joint account that your mom has access to into an account with your name on it only.</p>
<p>That way your mom will NOT be able to use your money in your account to pay HER bills.</p>