Today, my dad came home from Vegas. Today, my college savings account is down $64,000. FML
I agree, your life sucks (24943) - you totally deserved it (1379)
On 11/18/2009 at 10:31pm - misc - by screwed - United States (New York)
wow lawsuit??
or call the MIT guys and have them win it all back
and omg im first!!!!
who effing cares
#1 - On 11/19/2009 at 6:05am by GR3453m0nk3y
I think we need more clarification before we can launch into "Lets sue" mode.
I assume if it's college savings, it was money your father had put aside for you for college in which case there is no FML to be seen here. It's very highly unlikely that someone about to go to college has saved up $60k+ on their own, because lets face it, there aren't that many jobs out there in which an 18-20 year old (the average age when people start college) would be able to accumulate that much in such a short time.
So OP, lets get some clarification here. Whose money was it? If it was yours, which I highly doubt, then yes, you may have grounds for a lawsuit. You probably won't win if you gave him access to the account though. If it was his money to begin with, then YDI for expecting to be handed a college education for free.
#65 - On 11/19/2009 at 12:47pm by TheTruth1428
See? That's a cultural difference here! In many other parts, parents will provide the bare necessary for their offspring's education. (the rest, of course, being obtained from one's job). In many other parts, high education is free as well...
The point isn't that the OP expected to get a college education, it's that the OP thought the money was a gift from his parents to help pay for college. It was like the OP spent the first 18 years of his life saying "I WANT COLLEGE MONEY MEOW!" It's like someone giving you a gift, you enjoying that gift for a day, and the guy taking it back saying "I need this back kthxbilol." Chances are you'd feel robbed.
So no, the money wasn't "his", but it was set aside for him...unless you can think of another reason the father put the money in the back and called it his kid's college fund?
So what if it wasn't his money? What if his father just gambled away his chance to go to a good college? Isn't education important? Imagine if I ran up to you and handed you a suitcase with $64,000 in it. Then, in a day, I demanded all the money back... wouldn't you feel slighted?
#88 - On 11/19/2009 at 5:13pm by Saccharide
...and let's say for the sake of the example that the money was legally obtained and "honestly promised", (probably) like the money in the FML.
#89 - On 11/19/2009 at 5:19pm by Saccharide
Um. Most parents help you pay your way through college because they WANT you to be able to go to college. They WANT you to have a stable future and a good education and a nice job because they're your parents and that's what parents do. They want the best for you. They don't want you to make any mistakes they may have made. Obviously that money was intended to put the OP through school because it was his college fund. Most parents don't just set up a "college" fund so they can take it to Vegas in 15 years. That's what you would call a "Vegas fund." So obviously his dad has a gambling issue.
#65 - TheTruth1428 - You said: "I assume if it's college savings, it was money your father had put aside for you for college in which case there is no FML to be seen here."
No FML? How ignorant are you? Yes, I also assume that it's money his father put aside (for him) for college. And yes, because I'm not a complete moron, I understand that losing $64,000 is, indeed, a bad thing. And do you what happens with bad things that are submitted on this website? They become FML stories!
Even if it was technically his dad's money, he should still be saddened that the fact his dad cares less about his sons education, and more about gambling; enough that he would gamble that money away. And also, the OP, knowing he had $64,000+ in the bank for college, probably did not save up money intended for college, because after all, why would he?
In addition, you said: "If it was his money to begin with, then YDI for expecting to be handed a college education for free." Why would he deserve that? Are you f*cking stupid? Yes, if someone handed me a pile of cash, and said "hey, here is a gift" (which is what the college fund would be...a gift to him) I would obviously expect that money to be "free". Do you understand that logic? You might have to read it a couple of times to understand it, it's okay.
Simply, TheTruth1428, your arguments are weak and you logic is terrible.
#116 - On 11/20/2009 at 5:08pm by IamSpartacus
Too many negative votes, comment buried. Show the comment.
quit whining you rich snob
#5 - On 11/19/2009 at 6:10am by fatfaceunited
wow dude, you're a douche
maybe the OP isnt rich and has just been saving up all his/her life
i have been and i have a little over $4,000 and i'm 15!!!!
some people actually work hard for what they have
#10 - On 11/19/2009 at 6:43am by GR3453m0nk3y
you do realize that you can't make 60k in three years (age 15 to age 18) as a high school student. This was most certainly their daddy's money. So yes, the OP is a rich whiney bitch.
who says that he is only 18, maybe he in going for his Masters or something and has been working while in college, and TAing, and got scholarships.
Just because people have money doesn't mean that they got it from thier parents, thats only what lazy pricks say because they are too stupid to work full time while going to university, (and part-time in highschool before that), and therefore have next to no money.
Get a job you effing, lazy jerk.
#57 - On 11/19/2009 at 11:52am by damnrosi
I've never gotten money from my parents, I pay for college myself, but I HATE whiny pretentious teenagers like you who call anyone who gets help from their parents "a spoiled brat." Seriously, it makes you look so pathetic when all you do is sit aorund and complain about "the rich kids" "the abercrombie preppiez" and "the conformists."
Go take a bunch of weird obscure angled pictures of your face and caption them with "emo" song lyrics from some shitty band on your Myspace. Dumb little high schoolers.
#61 - On 11/19/2009 at 12:34pm by expen_dable
Right, because having planned ahead for college automatically means the kid's hanging out on his parents' yacht on the weekends when he doesn't have polo matches.
#97 - On 11/19/2009 at 8:51pm by turdburgers
AGREED!!! =)
I'm glad I'm not the only one thinking the OP is rich bitch complaining. I wish I had 64,000. =/ regardless of my "daddy" spending it in Vegas.
#103 - On 11/19/2009 at 9:18pm by sobe23
... So because it happens to people, it can't happen to this person, and this person should "SFTU"?
You're either really stupid, or a fantastic troll. :'D
I could get through college with that money, so stop complaining.
#11 - On 11/19/2009 at 6:50am by GraceMonica
he's saying that he lost that money, not that he only has that money left.
#13 - On 11/19/2009 at 6:53am by polico_wolf
To the people screaming, "LAWSUIT!": How do you know that the money in the college fund was really from the OP's own work and dedication to get through college? My theory is that the dad had opened a savings account sometime ago and has been putting HIS money into the account over the years.
But really, OP. That sucks balls. Big, sweaty, hairy donkey balls. I'm sorry. Words can not express how sorry I am. Trying to pay for college on your own sucks really, really badly.
PS. Someone is pissing somewhere outside my bedroom window. It's distracting...
#15 - On 11/19/2009 at 7:00am by hot_mess88
If it's any consolation, as a resident of Las Vegas, I can tell you that we (as a community, minus the big casinos) consider that kind of reckless gambling disgraceful.
God knows Vegas needs economic help right now, but not at that cost. That's terrible, shame on your father, and best of luck recovering your lost college fund. :(
#17 - On 11/19/2009 at 7:11am by helloquinne
Holy fuck. 64 grand? Are you like doing law school? twice?
#18 - On 11/19/2009 at 7:33am by NathanKett
And that's pretty ridiculously expensive.
$64,000 is far from being stratospherically expensive for a full 4 years of college, though, especially if this isn't just for tuition.
#33 - On 11/19/2009 at 8:50am by Watchmaker
wth? how is 64grand a lot? my bros a freshman at UPENN and we've paid off all 4 years of tuition in advance. Yea, thats over 150k.
Curious: Did Penn offer your parents a significant discount for pre-paying all four years of tuition up front? Also, what happens to the money if your brother flunks out or wants to transfer elsewhere?
#45 - On 11/19/2009 at 10:02am by Jewelofagal
My tuition is about 8000 at Penn State per semester (if I were out-of-state, it would be over 27k a year).
64k would cover my entire college education minus books and the cost of living. Regardless of whose money it was, that really sucks.
#47 - On 11/19/2009 at 10:15am by happyvalleygirl
41- And does prepaying cover his tuition even if it's raised during the four years?
#98 - On 11/19/2009 at 8:54pm by turdburgers
To answer all of your questions, the advantage of pre-paying all 4 years is that you pay the flat rate, as in, the current tuition (times 4, of course). UPENN tells you in advance that they raise the tuition by like 2% or something each year, and obviously that adds up after 4 years, so you can avoid the extra 2% by paying it all off first. And if he flunks out or changes schools, the balance is simply refunded, no money lost.
#18: I don't know how costly studying in USA is (although I suppose more expensive than here where 500€ (~750US$) per semester (or nothing, depending on the state) are usual but 64 grand for studying makes pretty much sense if you consider all costs...
Actually, a lawsuit would work here, since parents HAVE to pay if their children decide to study (or they get money from the state if the parents don't earn enough).
Don't know how it works in the US though...
Still, if I lost 64000 US$, I'd probably consider joining the Foreign Legion...if my father would lose that much money due to gambling, he'd better run.
sooo why are you complaining? you should be grateful that your parents are giving you any money for college at all! I would love it if my parents had $64,000 to give me for college. Rich kids are so ungratful!
all those fmls I read about parents taking their kids' money out of the bank, and I still don't understand: firstly, why does your parent know your account information? and secondly, how could they withdraw money without your identification?
It's the kids' money, but 99.9999% of the time, it's an account under the parents' name. They kids are the ones that don't have access to it. Can you imagine them using their thousands of dollars in college funds to throw raging parties when their parents are out of town?
and one more thing. Even if it was there money and not there parents then the poster should have known not to trust there father with there account information.
I kinda doubt the OP trusted their father with the account information. Odds are that the account was simply in her parent's name, or it was a joint account between OP and the parents. Either way, the OP's parents would have access to the money at any time.
or even easier, dad knows his social security number
If you know someone's social security number and bank account you can get acces to it in 15 minutes
Too many negative votes, comment buried. Show the comment.
YDI for having a college savings account AND YDI for letting your parrents be able to do that
#27 - On 11/19/2009 at 8:16am by conartist66
DDAAMMMMNN FYL for losing all that money buuutt YDI for lettin ur parents have control of that if ur grown,and saved that money yourself
BTW it says u live in NY...you DO know about SUNY and CUNYs right,but anyway
...Sooooo which judge are you gonna try and go to,lol
[and damn right i would sue my parent cause we all no they would be the same ones complaining because u dont do anything with ur life because u dont got a degree,hahahahaha]
#29 - On 11/19/2009 at 8:29am by JustaAngel
YDI for expecting daddy to foot the bill. Suck it up. Get a job and take out a loan like the rest of the world.
ugh stfu this is obviously not your savings account--your dad wouldnt have access to it and if he hacked into it you could report it to the bank and get your $ back
so OBV this is ur dad's $ anyway, in which case you should be thankful that he is paying a dime towards your college! my parents make over 200k a year but wouldnt put once cent towards my education, but i managed to make it through on loans and scholarship
soooo shut up
#31 - On 11/19/2009 at 8:30am by athame1983
The post says "down 64k". That means dad lost sixty four thousand dollars gambling. regardless of who earned the money or how much is left that sucks!
I highly doubt that you had 64k+ of your own money put away for college. This was your daddy's money so quit acting like it actually belonged to you. And guess what! now you get to learn some responsibility and pay your own way through college and take out loans like most other people do. So why don't you quit whining you rich fuck and get over yourself.
If the OP's parents gave them 64k+ for school.... THEN IT WAS THEIRS! Quit being a prat that is jealous because not everyone should have to take out loans for school if there are other options.
but I guess you can't say anything coz it was his money to begin wit huh. spoil!!!
#40 - On 11/19/2009 at 9:31am by stuckonarock
Umm... where in this post does it say the kid was in high school? My husband spent a couple years living at home with his parents and working full-time in order to save money to pay his way through college. He accrued a lot of money in two years. And it was a smart way to do things, because... guess what? No debt for him now.
OP, that sucks. Even if it was your dad's money, he'd promised it to you for college, and now you have to make other plans for paying, or choose a different and less expensive school.
Also, it's not like he took it out to pay for an emergency medical bill, or to make house payments, or to replace a car that broke down. He gambled it away like a dumbass. Way to be responsible.
So your father who put HIS MONEY that HE worked for away for your college fund, isn't allowed to take some out and have a little fun with it? Most of us have little to NO money given to us for college and have to take out loans etc. Maybe he thinks you won't need it cause you'll never get into college?
#43 - On 11/19/2009 at 9:56am by 110879
Maybe he should've spent some on therapy for his obvious gambling problem as well.
#99 - On 11/19/2009 at 8:56pm by turdburgers
Are you kidding? This sucks! It doesn't matter how the money got there - if it's in a 'college fund' - it was intended for the OP. If the dad put the money into a college fund - you don't then take it out for gambling. I.e. you don't give your brother a tenner then take it back and spend it on something else.
#48 - On 11/19/2009 at 10:17am by quirkybean
I seriously hate everyone saying things like, "ZOMGG yer s000 spoiled its his $$$ you should be grateful! omgomgomgomg." You all do realize, that if it was her dads money, he most likely told her he would pay for college. Which would mean she didn't save anything of her own because she thought her parents were paying all, or most of it. Which would mean that now, she has no money to go to school. Which sucks. Not everyone is poor white trash like you guys. And there is nothing wrong with parents paying for their childs education.
#49 - On 11/19/2009 at 10:19am by danaisamazing
I seriously hate everyone saying things like, "ZOMGG yer s000 spoiled its his $$$ you should be grateful! omgomgomgomg." You all do realize, that if it was her dads money, he most likely told her he would pay for college. Which would mean she didn't save anything of her own because she thought her parents were paying all, or most of it. Which would mean that now, she has no money to go to school. Which sucks. Not everyone is poor white trash like you guys. And there is nothing wrong with parents paying for their childs education.
#50 - On 11/19/2009 at 10:19am by danaisamazing
Well, if you were depending on your parents' wealth to coast through college, I'd say that you only have so much room to complain. If it's your money entirely, then you should be dragging out of his ass. Then again, if it's entirely your dough, then why the hell should he have any access to it at all? If the latter is the case, you really need to be more careful about your belongings. It's a shameful reason for a reality check, but FYL anyway.
#51 - On 11/19/2009 at 10:22am by blastvortex
That's kinda sad. It doesn't matter was that her/his money or not, it matters that her/his dad is an asshole who cannot help their kids.
#53 - On 11/19/2009 at 10:39am by mugenTaichou
If your parents can save up $64K for you, don't you think they can make enough money to do it again, or at least pay your tuition on a semi-annual basis? That's a shitton of money.
Just suck it up and use scholarships and loans like most college kids do now. Because of budget cuts, I lost $4K in scholarships this year that I was promised. You cry a little, have some wine, and fill out your FAFSA. Yeah, FML, but there is a LOT of support out there financially.
Note: I will have to pay for college myself...... Ok, so, my parents can easily access my money. Most parents are able to because it's easy for them. Think about it; they have all of your info when you're young (prior to college). So, it doesn't matter whether or not that was his money. It was going bye-bye anyway... All these "SPOILED!!!" comments are pretty annoying. If this persons parents are able to save up that amount of money over 18 years or so, why not do it? I'd want my child to have the best education that I can afford. Just because their parents are helping them pay for college doesn't make this person an ungrateful brat. I'm sure they were thankful for such a blessing, and it's an unfortunate loss... Remember, in order to get into an expensive school, you have to have really good grades in high school and stuff. I'm sure they have been working hard, and I'm sure they have a job as well. Even if parents can help pay for college and stuff, everyone likes making their own money.... so, people, please stop hating on this person. This is no small deal. I feel bad for you :(
Wow, that's an impressive savings for *you* to have saved. You seem to do well for yourself, for a person presumably in high school.
My only question is how did he get money out of *your* account? Oh, and I guess, what did the police say?
#60 - On 11/19/2009 at 12:18pm by ozymandias
um you should sue. assuming it was the money YOU saved.
that's still like way over a year of college depending where you go.
SUNY (since you're from NY) are only like $19,000+ a year. so you have 3 years right there!
still, you want your money back but look at the bright side! :D
#63 - On 11/19/2009 at 12:39pm by xdevotchkax
Unless YOU made the money for that college fund and set it up... it's his money and he can do as he will with it. You're not entitled to a college fund. Do what the rest of us do and get scholarships and loans.
Because loans solve everything, don't they. You don't have to pay the money back or anything do you hey?! You don't come out of university with debts to think of do you?!
If her parents SAVED that money for her for her education she IS entitled to it because they were saving it for HER. He can't then just go spending it on gambling! It's just immorale.
#78 - On 11/19/2009 at 3:03pm by jjenniferr05
False.
Just because they originally saved it for that purpose does not mean they cannot change their mind, for any reason. Until the money has been transferred into your hands, or you have a legally enforced (not just enforceable, but a court has already decided that they owe you the money) that money is *not* yours.
Period, end of story.
#82 - On 11/19/2009 at 4:44pm by ozymandias
I'll trade with you for your $64,000 college fund. A lot of us had to earn our own college funds, you know.
What $64,000 fund? You mean the $64,000 that's in the casino's pockets now?
#101 - On 11/19/2009 at 9:02pm by turdburgers
Why does every kid now believe that they are entitled to a higher education and the funds required to learn a specialized trade? Work your lazy ass through college if it means so much to you! We live in a country where rags to riches is not only possible, but a daily occurrence .... but those rags to riches stories .... all of them involved dedication, commitment, and SELF-RELIANCE. YDI if this is stopping you from bettering yourself.
#67 - On 11/19/2009 at 1:15pm by DoingItWrong
To those who say that it was OPs father's money...
He obviously gave the money to the OP, through his college savings account. If you give something to someone else, it no longer belongs to you.
If this was...a cell phone, let's say, OP would not have been expected to give the cell phone back.
#68 - On 11/19/2009 at 1:15pm by ItsAlexFool
Until you're 18, you own nothing. Your name on a bank account means nothing. It's all Dad's. Don't like it. Move the f*&k out and take care of yourself.
Wrong. I have my own bank accounts which my parents can't access as i have all the details. At sixteen. IGNORANCE.
#77 - On 11/19/2009 at 3:01pm by jjenniferr05
who cares who owns the money. it says in the Bible not to squander your money (eg. gambling) and I believe the Bible is true so if there is a YDDI (your dad deserved it) then yeah. He should find the money that you lost out of his own bank account.
PS dont call me a gullable child please, I get enough of that in school.
gullible child! gullible child!! gullible child!!! nanananana You belive in the bibke, even though its proven wrong on most of its statesments! gullible gullible gullible child!
#75 - On 11/19/2009 at 2:43pm by f_alltheirlives
#71, you are a gullible child. Pay more attention at school and maybe they won't call you a gullible child.
#73 - On 11/19/2009 at 2:33pm by FML_FYL_2009
It's really annoying people going on about how she should be grateful her parents are putting in money for her education. Yeah she should be grateful, but does that give her dad the right to spend all that money saved?! No it doesn't! Just because he saved it, he saved it for her. He can't save something for her, and then take it all away, especially for GAMBLING.
And all the people going on about how shes a rich snob, You don't know that. for example, i'm far from rich, but already at sixteen my parents have saved me a lot of money from my inheritances from grandparents passing away, and putting money into locked accounts where they get high interest.
And perhaps you know, the OP even saved some of this themselves.
Some people are so ignorant..
#76 - On 11/19/2009 at 2:59pm by jjenniferr05
Those of you saying "ungrateful rich kid" , seriously, SHUT UP! Good for the OP, his parents were able to put that money aside. Making the decision of having a kid means making sacrifices, and money is one of the first you have to make. It's the parents job to get their kid through life.
With that being said, not everyone can save that much money. If your parents are capable of paying 64K or more for college, good for you, and if they can't, well you didn't decide. In that case you work for it, or get whatever kind of aid you can get.
That's just how society is, whether you want it to be or not. SOME kids are ungrateful, some aren't, it doesn't just come down to whether they're rich or not.
Don't hateor be jealous. This is DEFINITELY a FML.
Fuck all of you who think OP is a spoiled child just because their parents were willing to pay for their education before gambling it away. I'll bet over half of you aren't in or won't go to college because it's fucking expensive!
I for one, went to college, and paid my own way. I am using the job I got with my first two BS degrees and I am now working towards my Masters -- on my employer's dime. I am already accepted for a second Masters when I am done with this one -- *and* a PhD program -- again, on my employer's dime.
I earned my way by working hard and paying my way through college, and getting a good job. I left college owning only $20,000 total -- at an interest rate of 2.25%, which is the only reason I have not paid it off early -- only a fool would pay that off a second early.
College is *not* that expensive, especially if you are a hard worker, apply for scholarships, or *gasp* don't expect to go to Harvard. Set realistic goals, and go to a realistic school, and college is not very expensive. Hell, community colleges charge only $100-$200/credit, which is a steal, and just about every university will accept community college credits for gen-ed, virtually cutting the cost of college in half if you are lazy and hard up for a job.
#84 - On 11/19/2009 at 4:52pm by ozymandias
Oh? So that means everyone absolutely MUST pay for college themselves and be called spoiled rotten little bitches of they get handouts from their parents? Nice to know.
Get a job + student loans = go to college. No matter how poor you are, you can get loans and if you are poor enough, you can get aid. No - you can't pull that off at Harvard but if you are bitching about college being too expensive to attend, try setting your sights at a college that is in your affordability range!
#95 - On 11/19/2009 at 8:17pm by LikelyYourFake
F your life? You had over $64,000 dollars in a college savings account. That's more than most people make in a year. So don't bitch about it when you're obviously really fucking rich.
#90 - On 11/19/2009 at 6:12pm by glasswater
And I'd bet that wasn't the only money Daddy gambled away.
#102 - On 11/19/2009 at 9:04pm by turdburgers
Hey rocket scientists - the money had to come from the parents, otherwise the father wouldn't have access to the account. So, the FML should have been more like "64K I thought was earmarked for my education wound up in Vegas" or something like that.
In reality, this is likely just a fake FML someone thought would be "cute" to drop into the bucket.
If it isn't fake - He can't sue his parents for money they saved (and perhaps even told him would be used for his education).
Get student loans and go to a state college - and work to pay for what that doesn't cover. Welcome to life and self-sufficiency.
#94 - On 11/19/2009 at 8:15pm by LikelyYourFake
Actually the dad can spend the money in any way he wants - it is HIS money.
#96 - On 11/19/2009 at 8:19pm by LikelyYourFake
I can see most commenters here are American. "get loans!" "work!"... hah. Glad I don't live somewhere where education is accessible and affordable. I feel bad for the kids who have to go to mediocre schools even if they have the Ivy League potential because they can't afford it.
OP, this sucks. But remember, you'll have to put him in a home one day. Then it'll be time for revenge.
#106 - On 11/19/2009 at 9:42pm by BabyFirefly25
Does it really matter who earned the money? it was this kids "college savings account" that Daddy looted to fund his Hunter S. Thompson memorial roadtrip. She/He was obviously led to believe that this account was set up to pay for college. Rich or poor, spoiled or grateful, this kid still got screwed.
#118 - On 11/21/2009 at 12:01am by LadyDraigen
It's $64,000... I have no money for college. That's enough for a full ride to a significant number of schools. Don't complain about having the privilege of $64,000. Shut up.
#119 - On 11/24/2009 at 1:38pm by ctangman
um wow. $64,000. thts nothing! ha uve got to be kidding me. my college fund my parents started for me when i was like 10 has $130 in it. its all my money i put in it. stop effing complaining. ur should be thankful for wht u have cuz most people are a lot less fortunate.
#120 - On 12/01/2009 at 10:05pm by taylor_pratt9614
Go for a scholarship.
And by the way, if s/he's a smart kid and wants to go to a good school, those cost money. Like $25,000 a semester. And that's cheap for out of state.
Be lucky that you have a college savings account. I turn 17 in two months and my mom just started putting away money for me.
#124 - On 02/28/2010 at 10:56am by prettybrwneyes16
