Right now I'm 20 and living at home. I'm going to school on a scholarship that pays tuition only. It's getting aggravating living with my parents and it's hard for women to take you seriously as well. I have a job too, but I dont get paid enough to live by myself with my check. The loan would be for maybe five thousand dollars (Is that enough for a semester?) I want to buy a tv, maybe some stuff for the apartment because I wouldn't have anything to start with, so I figure I need to take out a lot to pay for that. I could use my job to pay for rent and food. The loan would be for books, internet, insurance, cellphone, beer, gas, and random other stuff that pops up. It would definitely help my confidence when talking to women and trying to host more friends which in turn helps you meet new people. That part figures in a lot.
advice?
*note: it's too late for me to get any other financial aid . . . I'm pretty sure. I want to move out ASAP and it looks like a loan is the only choice*
2007-09-02 10:35:07 · 9 answers · asked by Jack Daniels 2 in Business & Finance ➔ Personal Finance
i was kidding about the beer!!!
basically, I can live by myself with the job i have right now. But it's gonna be horribly, prbly will make me wish i was still at home. i loan would help that, and when i have a degree, i will have a pretty good job by then, right?
2007-09-02 10:49:45 · update #1
Are you crazy??????
Stay at home.... until you can support yourself WITHOUT taking out a loan...
Do you realize how lucky you have it???.....
2007-09-08 09:03:05 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Well here it goes some more advice which you might like. I would say to stay at home and save up the money you have and go to school. Just try to focus on the books. Just because the average loan people have coming out of college is X amount really does not mean you need to go there. There are lawyers who pay on the college loan for over 15 years.
Really save up over $10,000 before leaving your parents house, if they will allow that. Maybe get a house if you are able to intern somewhere, then you should have a secure job in the area. You have a great chance to get an awsome head start on life. Renting a place is just burning money up. People can live decently at $15,000 a year if used correctly.
On the whole talking to women, there are a ton of men who can get girls while living at home with mom and dad. The main focus at the moment should be on school and getting ahead in life. I hope this helps and makes sense.
2007-09-07 21:00:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are already 20, I'm assuming you're at least halfway through college. At this point, it makes the most sense to stay at home. If you take out a loan, not only will you have to pay off the loan plus interest, but it will keep you from saving and possibly investing that same money otherwise. If you can graduate with a degree with no loans, consider that a huge accomplishment.
Unless you're having really bad problems living at home, stick it out for now. If you've lived with them for the past 20 years, another year or 2 shouldn't be too bad.
2007-09-02 14:40:28 · answer #3 · answered by Sammy330 3 · 0⤊ 0⤋
Unbelievable stupid idea!! You may be tired of living by your parent's rules but you definitely are not mature enough to be out on your own. Stay home. Get thru school. Then get a good job and move into the real world -- without all that debt.
So many young people max out student loans and use the money for cars, vacations, TVs, and partying. They end up with huge debt and crying because they can't get away from paying it back.
2007-09-02 11:14:05 · answer #4 · answered by bdancer222 7 · 2⤊ 0⤋
I think that sounds reasonable. The average student loan debt is around $40k I believe, and once you graduate and get a decent job paying off your loan won't take too long.
I believe it is very important to live on your own in college, not just for your social life but to become independent. The best option is to find a room to rent with other people, so either they already have furniture and a TV, or you all can divide up what to buy. How big your loan is depends on how much $ you want to spend on gas, insurance, etc.
2007-09-02 10:47:18 · answer #5 · answered by jellybeanchick 7 · 0⤊ 1⤋
Well just think of it this way: If you get a loan you are going to have to pay it all off including interest sometime, so maybe living with your parents for a few more years won't be so bad. You must remember the bills as well.
2007-09-02 11:04:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Are you insane??? First of all the loan is not for $5,000.00. It's for that amount plus interest that accumulates on the loan (unsubsidized.) You want to borrow money to buy beer and other random stuff? Buddy you aren't ready for the real world. Stay at home until you grow up a little more.
2007-09-02 10:42:59 · answer #7 · answered by Anonymous · 1⤊ 1⤋
The loan would be for books, Internet, insurance, cellphone, beer, gas, and random other stuff that pops up.
If 'random other stuff' is part of your financial vocabulary, you ARE NOT ready to live on your own. PERIOD. The rest of your question is insignificant compared to that one line.
2007-09-02 13:45:10 · answer #8 · answered by STEVEN F 7 · 1⤊ 0⤋
its never too late, you need open all your ways, you can!!!!! I found interesting information about your answer, college loans, scholarships, college grants & partime works here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!
2007-09-03 06:36:42 · answer #9 · answered by Anonymous · 0⤊ 2⤋