DEAR ABBY: I am a single woman who borrowed $80,000 to send my daughter to college with the understanding that she would take over the payments once she was professionally established. She is now so "into" her new lifestyle that she is refusing to have contact with her "poor" birth mother. She refuses to take responsibility for repaying the loan, which is in my name, and says "tough luck" to my stupidity.
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This means I will have to continue working until I drop dead. Abby, I am 60. Is there any help for me? Has this happened to other baby boomers? -- POOR BIRTH MOTHER IN GEORGIA
DEAR POOR: Sadly, yes it has. And no, there isn't help for you. Because the agreement with your daughter was verbal and wasn't put in writing, you don't have a legal means to force her to assume the loan payments.