I have two updates:
- the funds are from their retirement savings (401k), but most of the $ is coming from the company for retirement, so there is only about $180k cash in our account right now. As stated earlier, we (household of 5) live in a really tiny studio apartment. two of my family members are sleeping near the kitchen, and my parents and I share a room. Its reallllllly hectic.
- While I was talking to my dad today about the finances, he had told me that he received terrible news from his company: they are demoting his position, which is going to take a severe toll on our income as my dad is the only source of it right now. Our company hasnt said by how much or when, but in the email they said they will further inform us towards the end of this year. How will this affect me?
We are really scared right now, and honestly I will have to completely change my plans for college; seek new full scholarship opportunities and definitely give quest bridge a try.
Thanks for all of the help so far you guys.