What to do..

[BTR1208]

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I am from Bloomington, IN and in my 2nd year of undergrad. I am lucky enough to have Indiana University right in my town so that is obviously where i am studying and will continue on. Next year I am moving in with my girlfriend. We are sharing a 1BR and our combined rent and utilities will be around $875/month so around $440 each. Is that considered high to what most of you guys are paying? I do not have a car payment,just insurance, gas, food, etc. I have been working full time the past 2 years and made about 30k last year. This is for sure going to hurt my financial aid next year. I will have about 7k saved up. Here comes the dilemma. My current employer offered me 24 hrs a week while going to school at $11.50/hr. I do not know if as my classes get harder I will be able to handle that much work. Would it be advisable to keep working or just rely on student loans? I have a decent credit score for a 20 year old but have a lack of a cosigner. My parents' business went under a couple years ago so their credit is awful. I am sure I could figure something out. I get half tuition at IU since my mom works there so I would not need a huge amount my first year; just living expense as I could pay tuition out of pocket for next 2 years. So should I quit my job and just shadow an Optometrist and live off student loans? Or keep my job? I want to do as well as possible in my classes. I currently have a 3.8 and would love to bring it up or at very least maintain it. What did you guys do?

How can I get private loans with no cosigner? I am certain I will not be able to get it by myself just because of the fact that I have limited credit history (696) Truth is I am going to need these loans at some point and I will never have a solid cosigner. But I also can not work the entire time through school.

I figured my living expense would be around $1,100 month (that is on the high end just to be safe) x 12= $13,200 per year in loans.

Thanks for any advice!

B

 

[JacobMcCandles]

I would try to continue to work while not going further into debt. If you find, it's too much to handle then you can look towards loans.

As another piece of advice, moving in with your girlfriend at this point is most likely an unwise move, although you won't believe this.