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    f-ed up my life: now I have to take out student loans

    Hi (had to edit the profanity out)

    I totally destroyed my relationship with my parents haha! i was supposed to go to NYU, but due to some circumstances, now my parents are only willing to pay the amount of the lowest cost decent university I got into: 50,000 for Boston University.

    They said that’s all they will provide: if I want to go to NYU, i’d have to take out the other 40,000 in student loans. I only qualified for 20,000 in subsidized loans, so the other 20,000 would acrue interest?

    For more information, I am 17. I do not know how all this works. Let me know if I am misinformed. My parents said figure it out yourself.

    I really wanted to go to NYU. They were going to help me even if it was hard to pay that 90k. Now it’s Boston University or go end urself. I messed up!

    Now I’m not sure what to do. Who do I go to take out private loans?

    I am planning to go into premed and go to medical school. So I know I will have more loans to take out. But the return is high.

    Edit: I also have UMiami. I got a 30k scholarship bringing the cost to 68,000. They have great med programs. Idk

    I feel like ending it all. Idk. someone help me

    f-ed up my life: now I have to take out student loans
    byu/Independent_Set9817 inStudentLoans



    Posted by Independent_Set9817

    9 Comments

    4. alh9h on

      You can borrow up to $27,000 in federal student loans in TOTAL. You’re looking at a $133,000 delta.

      Short answer is that you can’t afford this. You couldn’t borrow that much in private loans even if you wanted to without a co-signer, which would a) likely be your parents and b) be a terrible idea.

    7. The_Bees_Knee6 on

      Go to BU.

      Private student loans are predatory. Having private loans for undergrad will jeopardize your ability to attend med school.

      The $20k is in federal parent plus loans, which are the legal responsibility of the parent to repay. As a dependent undergrad you can borrow up to $5.5k for freshman year.

      Even better for your situation seems to be U Miami. If you want to go to med school it helps to be a big fish in a small pond.

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