You came here for advice. You are getting it. Will you take it? Doesn’t sound like it.
It is INSANE to rack up $100K debt.
In additional to all the good advice here…
It is not just you racking up monstrous debt - it is your parents. Do not put them in that position. Because if you don’t graduate, or you don’t have a job, or you die, guess what? They will have to pay that debt. Even if you pay, being co-signers on that kind of debt affects their ability to obtain credit, good interest rates, etc. Do not be selfish.
And if you have a job paying $42K a year, which translates to ~ $33K take home, which would be $2,750 a month. You are going to spend ~ 50% of your income on a loan?? What about rent, clothes (for work), food, health insurance, retirement, car, savings…
On a side note, I don’t know anything about UT-Austin, but I find it unusual that you got accepted to an, “ivy-level top-ranked” LAC, but not honors at UT-Austin.