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I don't know what to do anymore. :(?
College loans are stressing my mother and I out.
I'm about to begin college in August and I received the billing information about the college I am going to.
The college I am going to cost $45,063 a year to go to and I received $28,206 in Merit scholarships, talent scholarships, the college grant and the Pennsylvania state grant. I have to pay $5,500 in Stafford loans and my mother has to pay $10,000+ a year.
Unfortunately, she cannot pay that amount of money. My parents are divorced. There's four people in my house and my mom makes a little over $75,000 a year. My FAFSA EFC was 007175.
I'm getting so depressed about everything right now. :(
I really love the college that I am suppose to go to but if it's going to put my mother in $50,000 and she's 50 and supposed to retire in at least 10 years, I don't want her to suffer because of my college loans.
Oh and then I have law school to go to. I really wanted to be a lawyer. Is being a lawyer still worth it? I'm so confused about my career decisions right now.
I was going to major in Political Science and maybe Business but I don't know what to do anymore. I'm about to have a break down. :(
Oh yeah and state schools weren't an option for me. All of the state schools in Pennsylvania cost at least $17,000+ and my mother was still left with at least $10,000 to pay for me and then I had my Stafford loans and the state grant for the state schools isn't enough. I only received $900.
Oh, and I don't receive grants from Fafsa. I only get loans.
What are some good career options that I could make? I heard that being a lawyer isn't worth it, so what field could I go into to help me pay off these loans? Someone give me a suggestion please. :(
I was thinking about Community College and there is one in the county that I live in but a lot of people from my previous school district go there and I'm going to be reminded of the bullying I had for 10 years and I really don't want to feel that pain again because it's still affecting me now. :(
I want to try being a residence adviser in college but that position is only available for Sophomores or higher. If I was an RA, I'd be able to get that $10,409 off for room and board. If that happened, I would have to pay $22,000 in debt. Or I can get my mother to pay the $5500 for me a year and I'd help her by getting a job.
In May, I went to the financial adviser about my tuition problems and she said there's nothing that they could do. She said "Loans, Loans, Loans are your only options.."
6 Answers
- paul sLv 67 years agoFavorite Answer
You are right to be concerned. If your mom is going to go $50,000 in debt, you might look at alternatives.
I would say the #1 alternative is community college for 2 years. You probably don't care for the idea - it doesn't have quite the prestige a major university does. I can't tell what state you live in and what state your prospective college is in, but a state college will not cost $45,000/year. Don't know how that affects your scholarships.
The other alternative is that you get a part-time job to help pay for your education. That could help make a difference.
- ?Lv 77 years ago
did you bother to apply to in-state safety schools? if you gained any merit scholarships to a big school, the you might have been eligible for a higher level of merit scholarships at schools were you are rated much higher than the average student
I am sorry you were bullied.... but you are eventually going to have to face those same people & you need to figure out how to ignore them & respond different... you are in control of the way you react & respond
there also might be a community college a little farther away -- my bf traveled over 60 miles one-way each day to go to a specific community college because it was the closest out of the 2 in the state properly accredited by CAAHIM for an associates degree in HIT
if he had to go that rather than any of the 3 that were closer... then there might be one a little ways out that does not have a large population of the students who bullied you
I agree with not giving up (words of Winston Churchill) but you have already talked with the fin aid office & seen the only option they will give you .... any credible financial planning advisor would tell your mom not to risk her retirement funds & not to co-sign on student loans
in your case, not giving up might mean accepting the concept of going to the cc with the people who were a problem for you
- Anonymous7 years ago
How about a college that's not so expensive or a in-state school where it's going to cost less as well? Use this tool to search for schools, http://bitly.com/19Wfl8K.
- ?Lv 67 years ago
Why do you have to go to a four year univ. right off the bat? Why not attend a Community college for the first two years of your Gen. Ed. requirements and then transfer to a Univ? Community college is a fraction of the cost and you can use thow two years to begin saving for your own education.
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- 7 years ago
look, if you really want to study there, you'll get there somehow. Persistence has a way of doing the seemingly impossible.
keep asking for help, and you will get it. I would go and explain the situation to the heads of the college you want to study in, and maybe you will be able to work something out - it's worth a try right?
As for your mothers retirement, you may take it upon yourself to take care of here once you have secured a job. In other words, you will give back what she has given to you. Keep on fighting. You'll find a way.
"Never, never, never give up" - Winston Churchill
