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? asked in Education & ReferenceFinancial Aid · 6 years ago

Should I sell my car to help pay for college?

I'm in a very strange predicament. I'm going to large state university this coming fall, and I don't have to pay for my tuition. Both of my parents have worked at this university for most of their adult lives, and part of their benefits includes a HUGE break on tuition if their kids chose to go there. I feel very fortunate to now have to worry about that aspect. What I continue to wrack my brain about is the fact that I need $11,000 to live on campus! I was approved for a $5,500 loan, but that would only cover half of my expenses for the year. I feel like the only way I can make this all happen is to either take an additional private loan, or sell my car. The absolute lowest I would take is $8000. That would give me the ability to pay off my loan with ease, and give me a little more to pay for housing. I still would need to come up with $3,000 some how. What do you think? My college is an hour away from home, and I just love my car. Ugh, what to do, what to do...

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