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Financial Planning / Paying For College


Subject:  Re: Parent vs Child Assets Date:  8/2/2001  3:55 PM
Author:  NellieD Number:  4120 of 8558

Then we invested the funds in interest bearing accounts under the business name until repayment time came, at which time I paid everything back and kept the interest differential.

How lovely. More unethical and illegal use of the money. When you signed for those loans, you signed legal documents saying that the money was going to be used for education expenses.
And then, your parents' business got stuck for the tax bill on the interest. But, I guess that's what they deserve for teaching you such a bad lesson in the first place.

You went to college and learned how to be a common criminal. I hope you're really proud of yourself.


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