My parents might refuse to pay for my last year of college education

Student Lounge College Life
1

<p>So is it a good idea to go into debt?</p>

<p>I'm thinking of going into $2,000-$10,000 of debt. Is this a significant amount? Or is it fairly tolerable?</p>

<p>I have fairly severe attention deficit disorder+asperger's and I'm not in any position of repaying it soon (I can't work part-time because I need more time than other people to do homework, and I need the extra time for volunteer research; I'm not good enough for paid research and won't be for some time). But if I could get a part-time university research job with a modest annual income (perhaps through help though disability services), then I might be able to pay it off in several years (since I'm very frugal and don't need much other than a computer, ADD medication, uTorrent, and vegan food). Also due to my frugality, I wouldn't mind if it increases by several thousand, since I have extremely high value for time right now (in other words, my time now is far far more valuable now than my time in the future), and I'll consider it VERY worth it if the additional time lands me into graduate school of any kind (especially since I've only been on stimulant meds for a few months and I think they have the potential to really work after I find the optimal dosage).</p>

2

<p>That’s really not much student debt at all, though I wouldn’t sign just any loan, there’s more to it than the amount.</p>

<p>For perspective, I’ll be graduating with 50k. That’s a considerable amount. I would be in trouble were I not going to be in a field where I can get loan forgiveness. I may still be in trouble anyway. We shall see!</p>

3

<p>That’s not much. A lot of student loans, both private and the federal ones, give you like six months after graduating before you have to start paying them back. They also give you small cuts on your interest rate if you show proof that you graduated and set up automatic bill pay.</p>

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<p>you forgot to mention it’s your sixth year</p>

<p>and you already have enough to graduate in five</p>

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<p>That’s weak. I’m graduating with around $60k-$100k in debt depending on how my transfers go.</p>

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<p>I’m sure there are a number of people rolling their eyes at $2,000 - $10,000 worth of debt. </p>

<p>In other words, it’s not a big deal and you can easily have that paid off relatively quickly, even with interest tacked on.</p>

7

<p>You’ll be just fine – when you calculate out monthly payments and everything, it’s quite small.</p>

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<p>How do you run up a 50k debt? Is that generally reserved for people going into a really high paying field?</p>

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<p>I agree, 2k-10k isn’t much at all and you’ll be able to pay it off with a normal and stable job. Even with private loans, interest rates are pretty low and managble. But also, if you can make it through school without the loan, that would also help you out in the future and contribute to less stress.</p>

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<p>"How do you run up a 50k debt? Is that generally reserved for people going into a really high paying field? "</p>

<p>Zero money for college and zero financial aid outside of loans, it’s fairly easy to run up that much debt when you have no help from your parents when the government thinks they should be helping. I am a poli sci major, which certainly isn’t high paying, but I am getting a JD and going into public service so as long as I can get a job (hah) I should be okay.</p>

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<p>yeah, i was trying to figure out whether that question is serious. It seems like one of those “duh” kind of things…</p>

12

<p>Alright, a lot of my questions are stupid so thanks for humoring me.</p>

13

<p>I apologize if this offends you but you do not present a valid argument.</p>

<p>I have minor signs of Asperger’s and I still pay for my own education(Some of which are loans which compute to much higher than 10k).</p>

<p>The amount that you are paying is not very significant…even with your disability.</p>

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<p>“Minor signs of aspergers” does not actually mean anything.</p>

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<p>Are you a psychologist?</p>

<p>Well, I have been tested by one and she diagnosed me with Asperger’s syndrome.</p>

<p>Although, she said that the diagnosis was so slight that it wouldn’t affect my daily life(And it hasn’t).</p>

<p>I’ve seen and talked to fully 100% autistic people and I would never want to be like that.</p>

<p>I’ll agree with you that “minor signs of Asperger’s” don’t mean much(Especially in College when a lot of students will show outward anti-social behavior mainly by either studying all day locked in a room like hermits, spending 10+ hours daily on a computer, and so forth).</p>