33 year old CEO of financial advice website asks retired parents to pay for his expensive MBA

[Liberal_in_LA]

yes, I'm be judgemental about something that is none of my business. Based on the 200K cost of the school, he got about 100K from his parents.

Financing an MBA, with help from Mom and Dad

NEW YORK - Daniel Wesley knew as soon as he started applying to business school that he wanted to avoid student loans. He'd already racked up about $45,000 in loans from his undergraduate days and didn't relish the idea of adding another $200,000 or so to that debt load, he says. When he found out he got into the Weekend MBA program at the University of Chicago's Booth School of Business, he turned to his mother and father, a retired construction foreman, for help. They agreed to pay for his first year of school, which he just completed, and plan to pay for his second year as well.

"It is a huge advantage and definitely a relief to know that I won't have nearly a quarter of a million in debt hanging over my head when I graduate," says Wesley, 33, CEO of Creditloan.com, a website on personal finance.

http://www.pbn.com/Financing-an-MBA-with-help-from-Mom-and-Dad,58586

[Angry Dragon]

1. ...............

:popcorn: :popcorn: :popcorn: :popcorn: :popcorn:

[Canuckistanian]

2. Mom and Dad should have cut a deal

They invest in his education and he pays them back at sub-prime rates. He still gets s deal and his parents get an addition to their nest-egg.

MBAs have the greatest potential for large-salaried jobs these days. It's fairly hard to screw up.

[mysuzuki2]

3. That's the best financial advice I've ever heard!

get money from your parents.