App
FML for mobile
Free
Open in app

By Anonymous - 05/01/2011 22:52 - United States

Today, my mother came over again to help me work on my Student Aid application. She also brought over the savings bonds that she has been accumulating since I was born to help pay for college. Turns out they won't reach maturity until I'm thirty. She never bothered to check out this fact. I'm screwed for college. FML
I agree, your life sucks 27 562
You deserved it 3 433

Same thing different taste

Top comments

birds_fml 7

You're not screwed. Just take out loans if you have to, and then when the bonds mature use them to pay off the loans. I mean, were those bonds REALLY enough to pay for your entire education? Depending on where you go, that could cost $40k or more.

shanameow 7

Well... Maybe you could use those in the future to help pay off student loans? Or a community college is a great way to get your general ed. out of the way, and save money!

Comments

avylouve 0

My mom just told me the other day that they don't have any money to send me to college after both my sister, and her went through full schooling. At least your mom tried.

tard, they don't reach maturity till double the time it took for them to hit face value. if they from when you were born they have a decent interest rate, and are worth money. go to a bank and check values

This seems to have been said already, but at least you will know that you will have a way to pay off a good chunk of your loans when you reach thirty. Might be worth trying to calculate, or even taking advice on, whether you get better value cashing them in/selling them early versus paying the interest on a loan until they mature. Either way, you have something solid to rely on.

powercat11 3

Me and all 3 of my syblings have gone through college with absolutely no financial help from my parents...get over it.

You can still cash them in, they don't reach full maturity until they are 30 years old at which point that stop earning interest, I used to work at a bank and have handled many many bonds I know what I'm talking about with these, just make sure to fill out the back before going into the bank to cash them in all but your signature which is supposed to be signed in their presence

So.. your mother just set you up with a nice deposit for a house instead.

anonymous100000 17

FASFA, student loans, scholarships, grants. you're not screwed, just apply for shit.

She tried and believe it or not people do have to pay for their own college in the real world