Ran out of resources

AroundHere
Thu, 28 Jul 2016 23:24:42 +0000

Do you have resources now? Are you able to keep your loans out of default and are your bills paid at your previous university? (You won’t be able to get transcripts from your U without being paid up on bills, which means no transfering.)

You have three variables to consider here:

1. The interest bill that is racking up on the loans you already have. (Just because you don't have to make a payment while in school does not mean that interest is not accruing.)

2. The cost to finish where you started - how many classes did you have left?

3. The cost to finish somewhere else. Since transfers usually need to stay at their school for two years to become eligible for a degree, it may be cheaper to finish where you started in a semester or two than to do two years somewhere else.

I’ll be honest, the high level of debt you are already carrying makes your options pretty limited.

What was your planned major and career path?