Hey guys, I really need some advice… I’m in my first semester of senior year in college and I can’t afford this semester, and it’s almost over. I’ve had a hold on my account all semester, but I’ve somehow been allowed to stay in school. It’s just me and my dad, and my mom isn’t part of my financial life.
We’ve been getting all our loans from Sallie Mae. My dad made a mistake by paying interest instead of deferring it until after I graduate. We’ve fallen behind, and they almost suspended all my loans. But now, they won’t give us the final loan for my senior year. My dad tried to call the Financial Aid Office at my college, but they were no help at all. I made an appointment with someone else, hoping they’ll be able to assist.
I’m incredibly frustrated. I’m literally a college senior, and my dad basically told me to figure it out. I’m a 21-year-old trying to make sure his mistakes don’t mess me up. I really wish he had taken responsibility earlier and helped me more. Especially after all the things I did this year to cut down my tuition (like working three jobs over the summer to afford my off-campus apartment).
I just don’t get how he couldn’t afford the interest when he makes like $100k a year and my mom was also giving him money. But he didn’t pay the interest, and I think he probably spent the money on something else. It feels like he’s hiding stuff from me, and it’s making me suffer.
Any advice on what I can do if the Financial Aid Office doesn’t help again?
Nyx said:
Have you looked into doing a work-study or maybe going part-time to extend your semester into summer?
I’d rather not do that because my lease ends in July and I’ve got a summer job lined up at home. Unless I did an online class, but my major doesn’t offer summer courses.
I really feel for you. You’ve done a great job working extra and cutting costs. What’s your major? How much do you need to pay off? Are the loans under your name but co-signed by your dad?
At this point, you might have to think about taking some time off to save up for the next semester. I know that’s not ideal, and it would be really frustrating, but if you don’t have other options… Could your mom possibly help with a loan? I know you said she’s not financially involved, but then you mentioned she’s been giving him money.