Dad Promised To Help Pay Off $100K In Student Loans She And Her Husband Accrued, But They Cut Ties Anyway. The Debt Is ‘Looming’ Over Their Heads
- Personal Finance
ThePostMaster- 0
- 6 minutes read
For one young family, a six-figure student loan balance has become impossible to ignore. She and her husband are staring down $100,000 in student loan debt after cutting ties with her father, the same person who had promised to help pay it off.
The loans had only just entered repayment when the family relationship fell apart. This is the situation that Charlotte shared during a call to “The Ramsey Show,” where she explained how quickly everything unraveled. What Charlotte thought would be a shared burden suddenly became theirs entirely. “I don’t want this to be looming over our heads,” she said. “I just want it out of my life.”
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Charlotte’s husband earns a little over $100,000 a year practicing law. She brings in just over $20,000 working part-time after welcoming their first child in October. On paper, the numbers work. Emotionally, it is much harder.
Hosts George Kamel and Rachel Cruze did not sugarcoat the math. If the couple lives on about $60,000 and throws the rest at the loan, they could be done in less than two years. “You’ve got to live like a broke law student and not like a lawyer,” Kamel said.
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Because the loan has a substantial $100,000 balance, motivation can wane. The hosts encouraged celebrating progress along the way. Every $10,000 paid off deserves acknowledgment, even if it is something small.
There was also a deeper layer to the advice. Cruze said that the debt itself had become a reminder of the fractured relationship. Paying it off faster could result in emotional relief, not just a lower balance. Charlotte agreed. She said she did not want the situation to drag on as a constant reminder of how things fell apart.
Then came a major turning point in the call.
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Charlotte revealed that they have more than $75,000 sitting in a two-year certificate of deposit, funded by money left to them after her grandfather’s death. Originally, it was thought of as future house-upgrade money. “We didn’t really have a plan,” she admitted. “It was unexpected.”
The hosts urged her to check the early-withdrawal penalty immediately. If the penalty is lower than the interest on the student loans, using the money to wipe out most of the balance could free them within months instead of years.
For families in similar income ranges dealing with big financial decisions, some turn to outside help. WiserAdvisor’s free matching tool connects households with vetted financial advisors for a no-obligation consultation. For couples juggling debt, savings, and long-term goals, a second opinion can help bring clarity without pressure to commit.
By the end of the call, the tone shifted from stress to resolve. “So far, life has just been happening to you,” Kamel told Charlotte. “I hope soon you can start to get intentional and happen to your life.”
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