I am planning to drop out of traditional college. Dear god did I hate the year I attended. I had been diagnosed with hypothyroidism in January, which explains my lack of motivation and lethargy during my whole freshman year. Besides, I was merely attending partially to “please my parents”, but it wasn’t what I really wanted. I have about 8,000 dollars in loans I need to repay. Thankfully, it’s not extreme but coming from a poor POOR family it’s scary thinking about the repayments. Especially since I’m planning to attend an advanced core program in August at a massage college/therapy academy.
My concern is whether or not I can defer my loans and aid until I graduate from the academy in 2018. It’s runs kind of like a traditional college. You have three semesters, you have tests, you get internships after the tests, and you take anatomy, physiology, business ethics, etc. Kind of like regular college classes. But I don’t know if I can defer my loans from the university I’m dropping out of. I am able to pay the interest during the deference period for sure, and probably can pay off some of my loan debt while in the academy but the 300-400 dollar monthly payment WHILE paying 30 dollars a week for over a year consistently for massage school is just not possible… in any way… I already deal with my thyroid condition (which comes with anxiety and depression) and I have to pay big bucks for medication for that as well. I really don’t want to halter my education and ruin my chance for something greater over loan payments taking control of my life…