Very complicated financial situation..

thumper1
Sun, 09 Oct 2011 15:56:57 +0000

I’m 18 and thinking of getting a student credit card from my credit union to build credit so maybe I have a higher chance of getting loans but I really have no clue how this whole thing works.



This is more than a bad idea. Interest rates on credit card debt are HUGE…at least double of what a loan would be…if you could even get loans in the amount you are saying. AND the likelihood of you getting a credit card with a limit that is high enough to fully fund your college costs is MORE than unlikely…think impossible. My kids had credit cards in their own names in college…the LIMIT was $500…that’s it.

I can’t believe you can’t find a similar major…at least one that will get you headed in the right direction…that will fulfill your ultimate goal.

I’m sorry but in this case, I’m going to vote with your parents. They don’t want to see you in debt up to your eyeballs. That is what you will have if you transfer to an OOS school. Your financial plan is flawed in many ways. Try to find an inexpensive way to complete your undergrad education and then look to grad school to round out that industrial design component.