Poor little rich girl
Daughter of one of America's richest families says her massive trust fund won't cover too-ish and expenses at our favorite university. Had to drop out. Here's what happened next.
posted by writer @ 2:16 PM
The Phantom Professor
Ah, college life. From both sides of the books--the learning and the learned--I share the stories. Send yours to ThePhantomProf@aol.com or leave them as comments here. Now sit up straight and if a cellphone goes off in class, it's mine. (Copyright The Phantom Prof 2007)
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Thursday, February 15, 2007
16 Comments:
C'mon Prof... seems to me you are taking a short cut on your assignment. When I asked for more stories, I wanted one of YOUR stories, not a link to someone else's story.
If a student turned in a paper with a website address would you accept it?
I realize you are not a student and me the Prof, but I really would like a "fix" of your stuff.
I agree with "anonymous" above. Of late I feel less and less of the urge to come check this blog. I think the Prof is writing too much these days, and in too many places, hence her blog is suffering.
That's so weird. I've been having the same feeling about this blog: if it's not fun anymore, the Prof should retire it. It's not so fun to read anymore, which is a shame because I heart the Prof. Still, better to go out with a bang than a whimper...
Enlightening.
How about we tell some stories until the Prof can catch up on all the shit she has going on?
You know, kind of like another online writing class.
Worst case, there will probably be some amusing stories (non-fiction).
WHAT? They are going to erase her debt? I cant even get them to give me financial aid and they are going to erase the 20k or so she owes?!?
Whew, at least they got that cleared up! God, after taxes, 200,000 a year is a pittance. *Of course* she can't pay her tuition, it's a miracle she can afford food!
i've met that girl. she seemed nice enough, but it's interesting that she "can't afford" her tuition with the $200,000 she has received this year (can you believe she only gets $200,000 a year? how can she afford to do anything at all!?), but she was dressed head to toe in very expensive designer clothes.
Wow, that explains quite a bit.
Kathie
Seductive!
Dick
I'm rather confused: How is this article significant?
Um, OK.
So how come that didn't happen when I got into Harvard, Yale, Brown, and Wesleyan and was told that I couldn't get financial aid because my middle class parents had too much money, and I wasn't emancipated at 16?
The article says she has received at least 200K since her father's death. She apparently received the trust in 1997, which is probably around when her father died. Do the math. It's not 200K/a year, it's much less, and it's taxable.
Disparaging this young woman doesn't seem justified.
As for how she got a break from the university, I'm guessing that although the cash flow from the trust is limited, she has legal advisors paid for by the trust. What would *you* do if you couldn't pay for your education but had a free lawyer?
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I suppose that the trust is managed by the trustees for the benefit of the beneficiaries. The beneficiaries can be any legal persons, including living people, other trusts, and registered businesses. Trustees may also be beneficiaries.
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