Jacqueline Kent Cooke: Heiress Arrested

[MTK]

$50k a year and she "can't pay for school"??

Please. Does anymore really need to be said?

[GMScud]

Originally Posted by Mattyk72

$50k a year and she "can't pay for school"??

Please. Does anymore really need to be said?

The funny part to me was the end of the Wash Post article- her attorneys said she's "depressed" from the "total frustration and emotional suffering of fighting for every dollar." HUH???

She's getting $50K/year now, in less than 2 years when she hits 21 she'll be getting $100K/yr for 14 years. Then at 35 she gets 8% of the total value of the trust annually, which right now would be around $500K/yr. And that's GUARANTEED! She doesn't have to bat an eye to get those funds. Ohhh, the suffering!! Ohhh the frustration!!

I got a friggin idea, count your blessings for being more financially fortunate than 99.5% of the planet, get a stinking job for a while, or better yet, go to a public university in Texas. There are plenty of them. It's not you're being denied a college education because you can't afford $23K a year in tuition. This is a joke.

[onlydarksets]

Originally Posted by GMScud

I got a friggin idea, count your blessings for being more financially fortunate than 99.5% of the planet, get a stinking job for a while, or better yet, go to a public university in Texas. There are plenty of them. It's not you're being denied a college education because you can't afford $23K a year in tuition. This is a joke.

Let's be fair to the heiress - tuition, room, and board are $41k/year. My math is just so-so, but I'm pretty sure $41k<$50k. Even if taxes reduce the $50k, get a loan.

[GMScud]

Originally Posted by onlydarksets

Let's be fair to the heiress - tuition, room, and board are $41k/year. My math is just so-so, but I'm pretty sure $41k<$50k. Even if taxes reduce the $50k, get a loan.

The article says she can't get a loan because of the $5M trust. Which is why I suggested a public university.

[onlydarksets]

Originally Posted by GMScud

The article says she can't get a loan because of the $5M trust. Which is why I suggested a public university.

I'm pretty sure the attorney in the article is wrong. It would disqualify you for need-based aid, but not a private student loan - in fact, I would think banks would LOVE a customer like her.

Also, I was definitely agreeing with you - she can afford this.

[GMScud]

Originally Posted by onlydarksets

I'm pretty sure the attorney in the article is wrong. It would disqualify you for need-based aid, but not a private student loan - in fact, I would think banks would LOVE a customer like her.

You're absolutely right about a private student loan. Regardless, her mother was quoted as saying "her father never intended for her to want for an education." Want for an education??? Please. University of Texas at Austin has tuition, room, and board for just a hair over $16K annually.
USNews.com: America's Best Colleges 2008: University of Texas–Austin: At a glance


I just feel so bad for her. I mean, imagine the emotional suffering that comes with facing the possibility of getting a part time job??

[onlydarksets]

Originally Posted by GMScud

You're absolutely right about a private student loan. Regardless, her mother was quoted as saying "her father never intended for her to want for an education." Want for an education??? Please. University of Texas at Austin has tuition, room, and board for just a hair over $16K annually.
USNews.com: America's Best Colleges 2008: University of Texas–Austin: At a glance


I just feel so bad for her. I mean, imagine the emotional suffering that comes with facing the possibility of getting a part time job??

lol - that's right, the $25k/year as a 16 year old was "walking around money". laughable.

[firstdown]

Originally Posted by GMScud

You're absolutely right about a private student loan. Regardless, her mother was quoted as saying "her father never intended for her to want for an education." Want for an education??? Please. University of Texas at Austin has tuition, room, and board for just a hair over $16K annually.
USNews.com: America's Best Colleges 2008: University of Texas–Austin: At a glance


I just feel so bad for her. I mean, imagine the emotional suffering that comes with facing the possibility of getting a part time job??

Thats in state tuition out of state is 24,500 plus 8,500 room and board so its close to 33,000. I don't feel sorry for her just correcting the amount for anyone who may.

[Giantone]

Originally Posted by onlydarksets

I'm pretty sure the attorney in the article is wrong. It would disqualify you for need-based aid, but not a private student loan - in fact, I would think banks would LOVE a customer like her.

Also, I was definitely agreeing with you - she can afford this.

Nope , I agree you would think other wise but after doing all the paper work for my daughter and college for the last 4 years that if that child has any money at all loans are almost impossible to get!

[sportscurmudgeon]

Pardon me while I shed NOT A SINGLE TEAR for this young woman or for anyone else in JKC's family.

There are folks in the US-of-A who have lots of real economic problems in their lives.

There are folks in Darfur who might be eating dirt boiled in water as a soup for dinner tonight.

Those kinds of folks deserve sympathy; this twit does not!

[jdlea]

Originally Posted by Mattyk72

$50k a year and she "can't pay for school"??

Please. Does anymore really need to be said?

It despends on where she goes. My tuition now is only about 10k, but at Tulane, $50k a year doesn't cover tuition, housing, meal plan and books for a year, so she may not be able to pay for school

[jdlea]

Originally Posted by jdlea

It despends on where she goes. My tuition now is only about 10k, but at Tulane, $50k a year doesn't cover tuition, housing, meal plan and books for a year, so she may not be able to pay for school

This will be misconstrued...

I understand that she will be given a ton of money per year for the rest of her life, so she should just be taking out student loans. She would easily pay for school then and not have to worry about the repayment because of the amount she will be getting.

Another question, why is she so concerned about attending college. I'm taking out huge amounts in loans to afford school and such, if I had guaranteed "income," there's no way I'd deal with college. I'd get a weak, no skills required job and put it in cruise control for the rest of my life.