OP, if you want to take out $200,000 in parental loans it is your choice. Hopefully you will not come to regret it. Here are some terms you should become familiar with: delinquent, default, garnishment, delayed retirement. Also we may read about you years from now trying to get these loans dismissed through bankruptcy, not easy but if you appeal enough it may occur.
Read this:
http://talk.collegeconfidential.com/parents-forum/1870033-another-parent-loan-fiasco-p1.html