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Lv 4
? asked in Education & ReferenceFinancial Aid · 6 years ago

Do I really have to sell my car to 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..

7 Answers

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  • chris
    Lv 7
    6 years ago

    Most people travel 30 - 60 min to work every day. (Unless they are lucky) If I were you, I would live at home and hope to find people you could crash with for the cost of a pizza. It would be a lot cheaper than living there. Or just live off campus and find enough room mates to make it on the $5,500.

  • Laurie
    Lv 7
    6 years ago

    If the college is only an hour away and you have a car, can't you live at home and drive back and forth? You get to keep your car, and you don't need to borrow money for housing...

  • Anonymous
    6 years ago

    Possibly.

  • DEE W
    Lv 7
    6 years ago

    Find a rooming house off campus.

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  • Scott
    Lv 7
    6 years ago

    ? Sell the car. Straight-forward.

  • 6 years ago

    Live at home.

  • 6 years ago

    No, you could get a job.

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