What to do about too much student loan debt?

I am in my second year of undergraduate studies at a public university. I am paying out of state tuition solely through student loans,

most of which are private. My parents' income places me out of reach of many

government sponsored loans, grants, and scholarships but they will not pay for

my college expenses. They do cosign for my loans but the realization that I

will be near $100,000 in debt upon graduation has been weighing more and more

heavily on me. I am not sure of how unique my situation is but I

feel like I have a lack of options. I am very aware of scholarships and have

been pursuing several through sites such as Fastweb. What do I do? Do I have any other options? Thanks for any advice.

What to do about too much student loan debt?

My advise is simple and practical.

If that expensive school can't offer you enough grant/scholarship money that you can't attend without taking out mounds of student loans (private loans are evil, and anyone can qualify for federal Stafford Loans regardless of parents income) then you need to find a cheaper school.

Federal loans have limits for a reason. Borrowing 100,000 for a bachelors degree is NOT NORMAL. Anyone who tells you otherwise is likely still in college and hasn't started making those 1,000 a month payments. You will doom yourself to never being able to afford a house or a decent car.

What to do about too much student loan debt?

The thing about your situation is....student loans pile up, as you already know. Once you graduate, you will have to work quickly to repay those loans on a montly basis. It'll be a very huge hassle, for sure. And youa re already stressed out on this so I don't think that you should go on student loans any further.

What you can do is keep applying for scholarships. What you can also do is talk to your financial aid advisor and discuss htis situation with them as they will have more options for you. I know your stiatuio is hard because your parents income may be too high and they won't pay for your expenses. Discuss this situation with them and next year file FAFSA as an independent if you are working. If you are not working, then it'll be a challenge. Talk to your advisor, that's what they are there for. I wish you lots of luck!

What to do about too much student loan debt?

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