r/Assistance • u/FunnyBunny141 • 2d ago

ADVICE College Life

Hi all,

So currently, I commute to Drexel University from South Jersey, and I find it very difficult during rush hour (the commute during this time is about 1 hour). My total cost of attendance this year is 16k, and i have 5k in federal loans, the rest is private at a 10% interest rate. I plan on paying off my unsubsidized/private loans next fall/winter, as I will be on co op, and the average pay for mechanical engineers is 22k+. I also have a part time job, earning 200-300 a week, but most of this money is used on car insurance, food, gas, etc. Does it make sense for me to pull out 4k more in private loans to pay for an apartment near campus the rest of the year?

Edit: next quarter I am taking 20 credits, and a similar amt of credits the following quarters. I want to be near campus without a hassle to attend late club meetings and also to have more of a connection to on-campus life and make friends.

Thanks!

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u/AssistanceMods 2d ago

Hi all. This is an automated and general reminder to all that this post is an ADVICE post, not a Request. Please don't request, offer or accept financial or material assistance on this post.

u/FunnyBunny141, we have compiled a Wiki with tons of advice and helpful information, which we recommend you check out, too.

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