Can’t Afford College? Romney Says Borrow From Your Parents! [VIDEO]

Presidential candidate Mitt Romney understands just how important a college education is for success.  That’s why he’s encouraging students to do everything they can to get one.

By borrowing money from their parents.

Yes, that’s the big “risk” he says students should make in order to finance college.  On the one hand, yes, that does leave them without the onerous task of paying off huge student loans, especially in a market that is less than kind to new graduates and other young workers.

But there is one major problem — most parents are already struggling as it is to make ends meet.  Finance their children’s college education on top of that?  Highly unlikely.  And even if they do have extra funds over the day to day expenses, shouldn’t they be trying to save for their own retirements, so they don’t end up bankrupting their own children in their old age?

In fact, every financial adviser out there encourages parents to be certain their own financial future is prepared for before helping out their offspring.  Which means that once again, Romney is off in his own land, where parents have enough money to meet all financial needs from the every day, to investments, to tuition payments and on.

Sadly, most of America doesn’t live there with him.


Photo credit: Thinkstock

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Christopher M.
Christopher M.2 years ago

Let them eat cake

Karen Martinez
Karen Martinez3 years ago

I want to go live with him. That way he can pay for my kids' educations. They're both very smart and hard working (numbers 7 and 3 in their respective classes), very involved in church--oh, sorry, we're Episcopalian, not Mormon--and volunteer in their community.

Huber F.
Huber F.3 years ago

Are you for real, why an't you support me when you have had the better grin?

Eternal Gardener
Eternal Gardener3 years ago

An overhaul on education is necessary, take a look in europe.

michael m.
Mike m.3 years ago

Borrow from mom and dad? The house is in foreclosure. Dad's working 2 jobs (for 1 paycheck). So's mom. Their 401Ks are down to $1,412.63 (both of them). Borrow WHAT? Geesh

Past Member
Past Member 3 years ago

All this means is that the rich will be educated and the poor won't be, so you can guarantee that all future politicians will only be able to understand the privileged since the only people who will be able to afford the education required to be successful in politics will be from parents who have money. Having never experienced a lack of anything they will be ill placed to represent the average person. If you think I don't know what I'm talking about consider that Boris Johnson became Mayor of London. Now Im all for students paying for their education, just not by having to rely on well off parents for it , since one cannot help the financial status of ones parents.

Josha N.
Josha N.3 years ago

What a moron. Really. That's all there is to say. Does he live in fairytale land or something? Pffft.

john hall
john hall3 years ago

Lee W. Why do you care about how rich the Romney's are its there money they can do what they want with it you and others are jealous about what he has and owns . Gee i wonder what and how you would act if you where that rich and please don't tell me you would be different . you ask why i defend Romney i don't i like him i voted for him 4 years ago and unlike you i don't care about his wealth he earned it even if it was on the backs of others . now lets talk about education what the hell is wrong with trade school how many millions of hard working people went to trade school , community college or on the job training . I'll say it again don't worry about what people are worth and what they do with it worry about how they spend your tax dollar and if you look at the obama's and how much they travel and entertain they spend the hell out of our tax dollar's .

john hall
john hall3 years ago

David K. The interest that's going to double is for new students taking out the loans it doesnt affect loans that are already given out . The student or goverment loans should have never been taken over by the goverment and i will say again i dont give a rats ass about these people who took out the loans they signed them knowing what the interest rates where now deal with it .

john hall
john hall3 years ago

Lee W. you must be plain stupid to believe the michele obama doesnt have designer clothes or she shops at target that was for show .