Anyone else feel awkward about asking their parents for money? I’m kinda tight on money after 1st semester of my MBA but I feel awkward asking my parents for money. My parents don’t hold it in a trust, but have made it clear they would always help out if I needed it.

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If it makes you feel better ask for it in the form of a loan from your parents.

You have two options… take out an actual student loan. Or ask your parents for a loan.

Count your blessings that you have parents willing and able to help.

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My mom offered to cover tuition (after scholarships it was like 30k/yr) but I got a student loan bc I wanted to feel like I have skin in the game. Ironically my mom is paying interest during school.

It’s ok to ask, just don’t make a habit out of it. And that goes for family and friends. No one minds helping as long as your not asking every month to “borrow” money

I just have a credit card linked to their account. So I’m an authorized user. Maybe you should ask for one too. Maybe it’s a cultural difference but where I come from it’s very normal for parents to continue letting their kids use their money especially if it’s a daughter.

Just ask. I help my children frequently.

Went through this too. I explained my financials to my parents and gave them an exact amount (let’s say $5k) and a timeline for when I would repay them by, and offered to pay interest too. I had every intent of paying them back, but for birthdays / holidays they would “gift” me that loan forgiveness which was really generous.

MBA is certainly a liquidity crunch; would recommend taking a look at savings / stocks you could liquidate too given how early on it is in your MBA journey. You’ll make some money at your internship but likely won’t be enough to float you your whole second year.

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