<p>^ Do you qualify for work-study?</p>
<p>I did apply for it, I guess I didnt qualify then. My EFC was really low though, I dont know why I didnt qualify for work-study.</p>
<p>Asian_Girl2009, what do you expect to get from this thread? For someone to tell your mom to give you money? To say she’s a meanie and it’s not fair?</p>
<p>I’m not receiving anything from my parents either, so I have a small loan as well, but I’m not really fretting about it since it’s not that huge of a sum. To reiterate what others have said, in this economy, student loans are simply a reality and increasingly common.</p>
<p>Remember, it’s YOUR education. Not everyone get’s a free ride, believe it or not you may have to contribute something too, whether it’s now with a part-time job or later by repaying your debts.</p>
<p>If that is all subsidized loans then you will pay around $150 a month for 10 years (starting 6 months after graduation). $150 is not much. Plus, there is a new income-based payment system although I don’t know how it works.</p>
<p>You’ll be fine.</p>
<p>10 years??? What the heck? Thats a long time. If I do get a job next semester, I’m definitely using that money to pay off some of my loan. I’m not going to pay a loan for 10years even if its $150 per month. Thats crrazzzy!!</p>
<p>I would just like to point out that everybody, at some point or another, starts out with no work experience. People do not just wake up one day and go, “Okay, today I have an amazing skill set! Time to go get a job!” No. Sorry the economy sucks and teenagers are taking a lot of the blow because people aren’t hiring, but guess what - every other person yet to obtain a college degree is dealing with the same thing. You have to keep applying and keep crossing your fingers.</p>
<p>It sucks that you’re parents aren’t helping you out, especially after they said they would. I’m not going to argue that. It really, truly bites, but you are not the only one in that kind of situation. If you want comfort, you’re only going to find it in knowing that there are people a lot worse off than you are. I’m sorry, but that’s life.</p>
<p>Also, try and cut your mom a little slack. At least you’re not paying your phone bill. And you have a roof over your head, and you’re going to get a college degree. I’d say in the long run, you’ll be okay.</p>
<p>Well, it’s certainly better to pay it off more quickly since you’ll incur less interest that way, so you’ve got the right idea there. Here’s a tip if you’re financially responsible though.</p>
<p>Don’t start paying off the loan yet if it is subsidized (many student loans through the government are.) You won’t actually start incurring interest until after you graduate. Instead put that money that you would be using to pay off your student loans with in the best yielding savings account you can find. Over 3 years your compound interest could make you a little bit of money, and once you graduate if you want to buy a car or something you could choose to use the cash you have on hand to buy the car and use the money you would have used on car payments to pay off the (most likely lower interest) student loan.</p>
<p>DefyLegacy - Actually I just talk to her earlier and she told me that she will buy my sister and I a car when we get our license. So, its all good. :]</p>
<p>chuy - ok, thanks for the tip.</p>
<p>Uh, it doesn’t have to be 10 years. You can pay off as much as you want as soon as you want. All I was saying was it’s not a big deal for only 14k worth of debt.</p>
<p>I am going to end up with like $1200 payments for 30 years. You’re being SO SILLY.</p>
<p>And my parents didn’t even buy me a car. :P</p>
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<p>That’s like $400k of debt</p>
<p>I’m dyscalculic, cut me some slack. >.< I will actually probably end up with like 150k total not including any interest, and none of my interest is deferred for the next five years I am in school. My interest rate is variable, it started at 6%, but I have no idea how much it’ll end up costing. I definitely wont be paying it off in ten years.</p>
<p>Right now they’re paying for it but they may cut me off. That’d be bad. Because I sure as hell don’t want to take out $12,000 in loans each quarter. </p>
<p>I’m gonna have a 529 plan when I have a family so I can hopefully pay for my kids’ tuition. If I can’t though then they’ll have to go to a CC for their first two years.</p>
<p>Wow, I feel really sorry for alot of you. I’m not going to American unless they offer financial aid. I’ve made myself a promise that I wouldn’t take out ANY loans for undergraduate studies. Hooray for UBC with their love for IB kids.</p>
<p>14K is a breeze. If I could be in that situation in college I would be very happy</p>
<p>I don’t know why everyone is **<strong><em>ing to you but I’d be pretty *</em></strong>ed off if I was in your situation. I’m not in college yet but I do expect my parents to pay for college, yeah I said EXPECT. I just hope mine don’t flake out on me like yours did, no offense or anything. Good luck trying to pay off the loans, must suck. =/</p>
<p>^ EXPECT? Wow. So entitled. I kind of hope your parents DO flake out on you.</p>
<p>My parents want to, but I want to pay for it myself, I feel guilty using there money even though they make good money (175k combined probably, I would never ask though)</p>
<p>“I don’t know why everyone is **<strong><em>ing to you but I’d be pretty *</em></strong>ed off if I was in your situation. I’m not in college yet but I do expect my parents to pay for college, yeah I said EXPECT. I just hope mine don’t flake out on me like yours did, no offense or anything. Good luck trying to pay off the loans, must suck. =/”</p>
<p>If I heard you say that in person, and there was a golf cart handy, somebody would be under it and it wouldn’t be me.</p>
<p>^^agreed^^</p>