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jenny_wildcatYou may not care, but it's time for a school-and-money-related rant. And it happened to my sister, which has me up in arms even further.
My sister, E, just started her junior year at the University of Utah. She has fantastic grades AND she just got accepted into the heavily-competitive business program ("heavily-competitive" here means "almost cutthroat"). If time and money permit, she would love nothing more than to go to law school. She is an awesome student and is well on her way to getting her degree.
Life is pretty good, until she realizes that her full-tuition scholarship has run out and the Bozo the Clown that they employ at the U's Financial Aid department won't let her renew it (never mind the fact that she's probably bringing up their academic averages by 5% and they would be idiots to let money get in the way of her attending). THEN, the retards in government grants won't approve her for federal financial aid - never mind the fact that I got financial aid AND attended a cheaper school AND I made more money in my part-time jobs than E does AND our parents' finances look pitiful on paper (they do well enough in reality, but the ranching business does not make for a shiny financial statement).
So, E has to apply for a student loan. She planned on my mom co-signing the loan, since Mom has great credit (Dad... not so much). Everything was set in motion and great UNTIL the dung-throwing apes at the Wells Fargo Corporate Online Center for Screwing Students Financially said that my mom did not make enough money to co-sign on the student loan.
Let me paint a picture of my mom's finances: She is a stay-at-home mom. She doesn't get a pretty little check with all her taxes and benefits itemized with a fancy company logo every two weeks (though she does get a monthly check from a billboard company that's leasing some of our freeway-front property - the check is made out to both my parents, but it is understood that Mom gets the money every month). My parents are self-employed, which means that they own a company and they take the risks and they make the money, not some corporate higher-up pansy that can bitch and order people around on their little power trips. On paper, my dad makes the money but my parents file taxes jointly and they run the ranching company - gasp - JOINTLY. Even though there is no paperwork with my mom's name all by itself, MY MOM MAKES MONEY SIMPLY BY BEING A PARTNER IN THE FAMILY COMPANY!! AND, Mom co-signed on a car loan with E with a local bank, so don't tell me Mom can't sign on a loan! Naw, DUH!!
Meanwhile, I'm here at work making my money under corporate thumb (someday, I will own my own business - but that's later) when E calls me in tears (I know it's serious because my sister has never come crying to me. Not once.) because she needs to pay for tuition by November 4 and the loan has to be in place two months before then and she just got into her program and the retards she has to deal with are totally screwed up. Apparently, Mom and Dad are freaking out about it because the bank is too stupid to see that my parents are self-employed, make fairly good money (which they share JOINTLY for TEH WHOEL FAMILEE!! Can I get clearer than that? Maybe I should be running the bank.)
So, Dad has this grand idea that I co-sign the loan with E (I'm not sure that went over so well with Mom). I make fairly good money and I'm only supporting myself. I do have a car loan to pay off and monthly rent, but I'm not doing so bad for myself. I suppose it's a good idea and E has good sense to pay off the loan when it comes due, so I'm not worried about that. The only thing that could keep us from doing this is the fact that I've only been at this job since June. I'm willing to do this for her, if only to tell the bank to go... do something with themselves that I'm not terribly fond of saying.
But this has just got me ticked off to no end. Banks approve my dad for business loans all the time (screwed up though his credit is), but this idiotic student loan service won't let my mom (with her mad money management skillz and spiffy credit) co-sign a loan with my sister *just* because she doesn't have any personal assets on paper (Oh what masculine bovine defecation hath feminism wrought! - I don't know if that's the case, but it makes sense on some sickening level).
Getting an education is great thing and it stupid to let this bureaucratic bullshit get in the way of it. It's pisses me off that students who are doing their best to navigate the potholes of all the class requirements and paperwork and financial applications and jobs and homework have to jump through so many hoops to get that fancy little piece of paper saying that the academic institution has officially recognized that said students can think straight. E has been working her butt off to stay in school and she should have been able to get a scholarship or financial aid and not have to do this. I'll say this: I'll co-sign the loan because she is my sister and she deserves to get her degree. She someday wants to go to law school and sue all your butts.
What gets me is that they were approved for the loan! They had the damn thing! And now the bank is going back on the agreement because they don't think my mom makes enough money at her stay-at-home mom gig, even though my mom does make money by being part of the family company. What's more, Mom's already co-signed with E on a car loan with a local bank (they probably should have went with them instead and gave the finger to Wells Fargo).
I guess the big financial world isn't made for people who are self-sufficient and who'd prefer to be there for their kids. No wonder society's trying to tear the family apart (and no wonder I don't bank at Wells Fargo - you hear that? Wells Fargo SUCKS!!!)
Sorry for this heated and passionate post, but this is about family. You don't mess with my family. You just don't.
My sister, E, just started her junior year at the University of Utah. She has fantastic grades AND she just got accepted into the heavily-competitive business program ("heavily-competitive" here means "almost cutthroat"). If time and money permit, she would love nothing more than to go to law school. She is an awesome student and is well on her way to getting her degree.
Life is pretty good, until she realizes that her full-tuition scholarship has run out and the Bozo the Clown that they employ at the U's Financial Aid department won't let her renew it (never mind the fact that she's probably bringing up their academic averages by 5% and they would be idiots to let money get in the way of her attending). THEN, the retards in government grants won't approve her for federal financial aid - never mind the fact that I got financial aid AND attended a cheaper school AND I made more money in my part-time jobs than E does AND our parents' finances look pitiful on paper (they do well enough in reality, but the ranching business does not make for a shiny financial statement).
So, E has to apply for a student loan. She planned on my mom co-signing the loan, since Mom has great credit (Dad... not so much). Everything was set in motion and great UNTIL the dung-throwing apes at the Wells Fargo Corporate Online Center for Screwing Students Financially said that my mom did not make enough money to co-sign on the student loan.
Let me paint a picture of my mom's finances: She is a stay-at-home mom. She doesn't get a pretty little check with all her taxes and benefits itemized with a fancy company logo every two weeks (though she does get a monthly check from a billboard company that's leasing some of our freeway-front property - the check is made out to both my parents, but it is understood that Mom gets the money every month). My parents are self-employed, which means that they own a company and they take the risks and they make the money, not some corporate higher-up pansy that can bitch and order people around on their little power trips. On paper, my dad makes the money but my parents file taxes jointly and they run the ranching company - gasp - JOINTLY. Even though there is no paperwork with my mom's name all by itself, MY MOM MAKES MONEY SIMPLY BY BEING A PARTNER IN THE FAMILY COMPANY!! AND, Mom co-signed on a car loan with E with a local bank, so don't tell me Mom can't sign on a loan! Naw, DUH!!
Meanwhile, I'm here at work making my money under corporate thumb (someday, I will own my own business - but that's later) when E calls me in tears (I know it's serious because my sister has never come crying to me. Not once.) because she needs to pay for tuition by November 4 and the loan has to be in place two months before then and she just got into her program and the retards she has to deal with are totally screwed up. Apparently, Mom and Dad are freaking out about it because the bank is too stupid to see that my parents are self-employed, make fairly good money (which they share JOINTLY for TEH WHOEL FAMILEE!! Can I get clearer than that? Maybe I should be running the bank.)
So, Dad has this grand idea that I co-sign the loan with E (I'm not sure that went over so well with Mom). I make fairly good money and I'm only supporting myself. I do have a car loan to pay off and monthly rent, but I'm not doing so bad for myself. I suppose it's a good idea and E has good sense to pay off the loan when it comes due, so I'm not worried about that. The only thing that could keep us from doing this is the fact that I've only been at this job since June. I'm willing to do this for her, if only to tell the bank to go... do something with themselves that I'm not terribly fond of saying.
But this has just got me ticked off to no end. Banks approve my dad for business loans all the time (screwed up though his credit is), but this idiotic student loan service won't let my mom (with her mad money management skillz and spiffy credit) co-sign a loan with my sister *just* because she doesn't have any personal assets on paper (Oh what masculine bovine defecation hath feminism wrought! - I don't know if that's the case, but it makes sense on some sickening level).
Getting an education is great thing and it stupid to let this bureaucratic bullshit get in the way of it. It's pisses me off that students who are doing their best to navigate the potholes of all the class requirements and paperwork and financial applications and jobs and homework have to jump through so many hoops to get that fancy little piece of paper saying that the academic institution has officially recognized that said students can think straight. E has been working her butt off to stay in school and she should have been able to get a scholarship or financial aid and not have to do this. I'll say this: I'll co-sign the loan because she is my sister and she deserves to get her degree. She someday wants to go to law school and sue all your butts.
What gets me is that they were approved for the loan! They had the damn thing! And now the bank is going back on the agreement because they don't think my mom makes enough money at her stay-at-home mom gig, even though my mom does make money by being part of the family company. What's more, Mom's already co-signed with E on a car loan with a local bank (they probably should have went with them instead and gave the finger to Wells Fargo).
I guess the big financial world isn't made for people who are self-sufficient and who'd prefer to be there for their kids. No wonder society's trying to tear the family apart (and no wonder I don't bank at Wells Fargo - you hear that? Wells Fargo SUCKS!!!)
Sorry for this heated and passionate post, but this is about family. You don't mess with my family. You just don't.
