Also, wouldn’t you get a little snarky if others were being snarky back? I’d think so.
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Sounds like parents don’t want to co-sign loans to pay for college. If my teenager made the same request, we would tell her absolutely not. That’s a debt trap, and it’s not unreasonable for a parent to object to taking that kind of liability. There are more affordable schools. Can you talk to them and see which ones they would be willing to pay for? If they’re unwilling or unable to pay for school, and it happens, (mine couldn’t either, years back) you can always see if there’s a school with a good financial aid package or start at community college, then transfer.
Nope. Take the high road.
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It sounds like you’ve got a stressful situation on your hands. Worst case scenario: you’ll have to move out, work & pay your own way while attending community college for awhile before transferring to a 4 year university in order to finish your BA/BS degree.
That’s what my DH had to do and it turned out ok.
You can do this. We’re rooting for you.
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They’re not willing to pay for any. You’re acting like I asked to attend a $65,000 per year school
OP has stated parents are unwilling to pay for college. It sounds like OP will not be able to live with their parents after high school, so living at home and attending community college isn’t an option either.
Young men in similar situations sometimes join the armed services and obtain a skill, independent living and substantial money for college
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Let’s recap…is your least costly college alternative still the $22K per year one? And all of that will have to be funded with loans? So, you’ll take the $5,500 fed student loan and your parents will take $16,500 in parent plus loans the first year, and continue that for years 2-4? Is it possible to attend the $22K per year college part-time, while working (not all colleges allow part-time residential students)?
Is there any family you can live with and commute, either to one of the 4 year colleges you have been accepted to, or possibly a community college?
Threads don’t always go the way a poster wants them too. Posters are giving you good advice…to minimize loans. That should be the primary factor when you are choosing college, because of the situation you are in.
Here are two resources, first one to calculate how much you will have to pay back per month based on total loans and rate: Mapping Your Future: Student loan repayment calculator
Then, how much you need to earn in salary to be able to make those payments. Mapping Your Future: Debt / salary wizard
If you would like me to help you crunch and analyze the numbers, just send me a PM.
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Okay, so I’m currently deciding between two local colleges. The first one is about $35,000 per year (without loans). It’s located in the city, has a lot of networking opportunities, great resources. The second one is 22,000 per year (without loans). It’s located in a rural area, but has a small city around it. I’m not sure how good the network and resources are at the school, but it has a lot of activities for students, enrichment trips, and seems to provide a good education after meeting some professors.
But here’s the catch, I’m interested in attending law school. At first I was pretty set on the first school because of the resources, and they provide a 3+3 law program. Then I found the second school, and found out they have a partnership with the first school for law. Meaning I’d go to the second school for undergrad for 3 years, then transfer to the first for law school (other three years). I’m not sure which one may be worth it. I like the second option because it’s cheaper and seems like a good school, but I don’t want to make the wrong choice. Any advice?
Going back to the original question:
Go to school #2. Law school is expensive and since you’re funding your education entirely on your own, your goal should be to keep your BA/BS degree as inexpensive as possible. Focus on getting a high GPA & high LSAT scores in order to get into law school.
When you graduate high school, if you will be immediately moving out of your parents’ house, just plan on finding a place to stay during the interim periods between when 1 college semester ends and the next one begins.
I’m confused. If they are unwilling to pay, why would they take loans as a co signer? Or sole signer as will be needed on secondary loans.
It doesn’t make sense.
If their name is on paper (even with the notion you will pay), they are responsible.
A previous poster mentioned Target. They have a new debt free college tuition program…likely similar to Starbucks.
I know you said Target is not hiring near you but I’d look again. They just raised minimum wage to $24. on certain jobs. The rest are $15. I doubt there’s a national retailer nationwide not hiring but if there are they are few.
While that wouldn’t give you a traditional college experience, it might help you reach your education goals.
You have to be open for assistance. If you aren’t open here, how will you react to your supervisor where you are employed. You work in a restaurant…how do you react when a diner doesn’t like something you’ve done?. Certainly differently than you have here to folks trying to help.
If you don’t want to see any more responses, no one is forcing you to log on and read them.
College helps but life is more than a degree.
Good luck to you.
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As long as I pay back the loans, they’ll sign. So as long as I make loan payments, they’ll sign. But they may hold it over my head.
How do you justify the snarkiest of others on here? Do they treat others way younger than them this way as well? I doubt it because they’re behind th internet screen
You still don’t get it. If you don’t make the payments, the bank will take your parent’s house. The bank will make that clear to them, and you, before they give you a loan. That is how loans work. If you or they can’t live with that risk, find cheaper alternatives.
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You say as long as you pay back….but how do they know you’ll pay back ? And what happens to them if you don’t ?
That’s what people are asking, etc.
If my relationship with my kids was not strong and they required borrowing, I would not sign.
That said, you originally, if I remember, asked about two colleges…both requiring loans but one $10-12k less than the other.
So it’s back to….if you can only borrow $5500, do you have the ability to pay for either ?
The right choice in your case is the less expensive. But if less expensive doesn’t equal ability to afford, that’s why other options are needed whether they are desirable to you or not.
Did these schools give you your financial aid package yet? You’re entitled to $27k in student loans that only YOU are liable for. No co-signing required. The question…did you fill out the FAFSA? No mention of that anywhere. If not, then you need to do that, so you know what you’re actually paying. It might actually be affordable because of grants. etc. If so, then out of luck right now. If these are out of state public schools, then you’re definitely out of luck.
Is this a low income situation? If so, you could apply to a private school with good financial aid in spring? Could you go to an in-state school and live in a dorm and work/school to pay for your dorm and food?
Would you please explain exactly what this means?
These loans will be co-signed over the next 3-4 years… before you start paying them back. Right?
Maybe you mean as long as you agree to pay them back? Promise you’ll pay them back?
I don’t doubt your word or intent to do so. But that doesn’t change the legal reality that your parents are obligated to pay the loans if you don’t/can’t.
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Yes that’s basically what we’re saying. Or a college said I don’t start making payments tilll I graduate
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Thanks for the clarification.
Do your parents realize they are legally obligated to pay the loans if you cannot? And they agree to do so if something unplanned occurs that prevents you from doing so?
By the way, @Mwfan1921 made a very generous offer of his/her time. You could benefit from his/her advice in a private conversation that may feel more supportive to you. Hugs.
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She is very knowledgeable. The OP would be well to avail themselves of the opportunity.
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Yes, it was nice of her to do that. They should be aware.
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