How to get out of debt and into school?

Question

So I'm in a community college and working full time and getting nowhere. I'm up to my neck in debt (car payment, bills) which is making my schooling suffer because I take on extra hours instead of studying just to get by. Not to mention community colleges aren't very motivating. I have visited friends who live on campus at schools and don't work, I think thats what I need so I can focus. I know I wont be able to make my car payment if I move to some school dorm. By the way I'm only 20. Please help! I need to get on with my life!

One other thing I dont think I can sell anything because I have negative equity in EVERYTHING!! I just need to run across $15k and I'll be set! My grades are screwed I dont even know if I can go back to school next semester. I need a fresh start.

Answer 1

You still have lots of options.Fill out FASFA. You might be elegible for grants. Talk to your school's financial aid center, someone might be able to give you a list of scholarships you are elegible for. Filling out a FASFA will also tell you if you are elegible for any loans. You won't have to pay the loans until you get out of college. You can also get private school loans, which do the same thing, but the interest rates are higher. I had enough money to pay for tuition, but I needed money for all my other expenses while in college, that's what my loans were for. You could also check out your college's work study program, some colleges offer partial tuition payment in exchange for working at the college. Do you have a family member that will be able to help you? During college, my grandfather made my car payements for me, and I am now paying him back. I've been out of college for two years, and have three student loan payments (two private and one federal), car payments, my grandpa's payment, all on top of my regular bills (rent, car insurance, credit cards, food, etc). But you know what? I'm doing fine financially and borrowing the money was well worth it. Email me if you have any more questions, Good luck!!!

Answer 2

I hate to say this but sometimes we need to take a few steps back so that we can later take several steps forward. Maybe you need to sell everything that has become a burden to you and that includes your car, talk to the school about financial aid and what you need to do. As you see now school is very important and I would hate for your material possessions to keep you from succeeding in the future. I did the same thing when I was younger, but I thought it was important to have a car and a job, and guess what I am now 38 and now going to school part time to get my basic ed. So do what you need to do. Hope this helps and good luck................

Answer 3

I worked my way through college with 2-3 jobs at a time. It took me 9 years to finish my bachelors, but I graduated without owing a dime.

It's not the path for everyone, of course. But I'd hazard a guess that your friend is probably borrowing money to go to school? I have so many friends who did that... and now, 10 years after I finished my degree debt-free, they're STILL paying down on their student loans. And it's made it nearly impossible for them to ever get ahead, even though they have decent jobs.

If you DO borrow money to go to school, please remember that you have to pay it back. And while the interest rates may be low by comparison to other types of loans, you'll be shocked how quickly that debt can add up.

Answer 4

If you move into the dorms... you won't need a car,

Answer 5

This site should help you http://www.studentfinancialadvisors.com/referrals.php

Thye pay $100 for each referral that you give them to consolidate their student loans.

Answer 6

Don't you get financial aid in this college you are in?