Education help: I’m a freshman in college with a 3.94 GPA, but I can’t afford to go to school anymore.

kpmitch

I’m a freshman in college with a 3.94 GPA, but I can’t afford to go to school anymore.

My father is an engineer and my mother has stayed at home for the past 18 years, so I don’t qualify for any need based aid whatsoever. However my parents bought a $400,000 house they couldn’t afford about 5 years ago and are currently using 45% of their income to pay off the mortgage. They’re paying a lot in taxes as well, and somehow managed to get themselves $50,000 in debt.

They told me they can’t afford to take out a Parent PLUS Loan, let alone help me pay for any of the tuition. They won’t even cosign on private loans.

I work, but the most I can hope to make is 4,000 for the summer. Assuming I can get a job… my old job, CVS isn’t rehiring over the summer, and given the current economic situation… I’m gonna assume my chances aren’t excellent.

How the hell am I supposed to pay my tuition like this? I’m thinking about just dropping out, maybe enlist or something…

This open post was written 6 months, 3 weeks ago | V/U/S: 206, 1, 2 | Edit Post | Leave a reply | Report Post

Reciprocity (0)

Since writing this post kpmitch may have helped people, but has not within the last 4 days. kpmitch is a verified member, has been around for 6 months, 3 weeks and has 2 posts and 0 replies to their name.

Post Tags (3)

Education, economics, financial aid (How Tags Affect Reciprocity)

Replies (1)

Where were you?

Click and drag to move the map around. FAQ: How we place people on this map »
You can also watch events on Help.com as they happen

Mouse over the map for 2 seconds to see an expanded, interactive view

PayYourOwnWay #
An Unknown Location | 6 months, 3 weeks ago (1 hour, 47 minutes after post)

Great GPA! It’s time to look at your options. You may have made a good enough impression on a professor or two already who will be able to direct you to performance based scholarships in your major. Talk to them, contact the financial aide office at your school in person and see what can be worked out. Also inquire about RA positions in freshman dorms.

If you can find a job and work this summer and earn as much as you have posted, you can easily afford your semester at your local community college and have some to put asside for the second semester of your sophomore year. You would be surprised at how many of your classmates from over the years are attending for similar reasons. I would also encourage you to talk to their financial aide office because there are many family foundations sponsoring merit based scholarships for a free ride through community colleges. This can lead to some funding when you transfer back to your first choice school or another university.

You do have the option of getting out from under your parent’s coverage by moving out and paying your own way to qualify for need based scholarships. You must have documentation of your rent and utilities or a certified letter stating that you are receiving room and or board in lieu of payment for providing a service to someone. You could be a live in attendent for the elderly or a nanny for children. It just can’t be under your parent’s roof. I believe that you are not allowed to accept more than $10,000 in monetary gifts from your parents to help you live on the outside.

Consider being a commuter student and take less credits if it allows your ability to pay to allow you to remain in school. Children should understand that not all parents can afford to send their children to school. It is a huge sacrifice that many families will never consider. Some parents can however be persuaded to front a loan for to allow a child to receive a lower rate to repay if the child insists they will pay half of each payment once they come due. It just may not be possible in the financial situation your parents are in.

Great GPA!  It's time to look at your options.  You may have made a good enough impression on a professor or two already who will be able to direct you to performance based scholarships in your major.  Talk to them, contact the financial aide office at your school in person and see what can be worked out.  Also inquire about RA positions in freshman dorms.

If  you can find a job and work this summer and earn as much as you have posted, you can easily afford  your semester at your local community college and have some to put asside for the second semester of your sophomore year.  You would be surprised at how many of your classmates from over the years are attending for similar reasons.  I would also encourage you to talk to their financial aide office because there are many family foundations sponsoring merit based scholarships for a free ride through community colleges.  This can lead to some funding when you transfer back to your first choice school or another university.

You do have the option of getting out from under your parent's coverage by moving out and paying your own way to qualify for need based scholarships.  You must have documentation of your rent and utilities or a certified letter stating that you are receiving room and or board in lieu of payment for providing a service to someone.  You could be a live in attendent for the elderly or a nanny for children.  It just can't be under your parent's roof.  I believe that you are not allowed to accept more than $10,000 in monetary gifts from your parents to help you live on the outside.

Consider being a commuter student and take less credits if it allows your ability to pay to allow you to remain in school.  Children should understand that not all parents can afford to send their children to school.  It is a huge sacrifice that many families will never consider.  Some parents can however be persuaded to front a loan for to allow a child to receive a lower rate to repay if the child insists they will pay half of each payment once they come due.  It just may not be possible in the financial situation your parents are in.

This account has been deactivated.

Invite Others to Help

A logged in and verified Help.com member has the ability to setup a Friends List and invite others to help with posts.

Education help: I’m a freshman in college with a 3.94 GPA, but I can’t afford to go to school anymore. - Help.com

I’m a freshman in college with a 3.94 GPA, but I can’t afford to go to school anymore.

Reciprocity (0)

Post Tags (3)

Replies (1)

Invite Others to Help

Help.com Homepage