I am very angry right now, so I apologize if this is a bit jumbled.
Last semester, my laptop broke and it is necessary I have one so I ended up having to pull a loan to buy a new one. Because of that, this semester, I had no money left to pay off about $1,830 this semester (my computer was not that much, I just repeated a class and it costs more). Up until february, I didn’t have a job but now I do. In February, I called the Money Management center to figure out what I could do to pay off what I owe and the woman told me I could set up a payment agreement so next semester’s financial aid could be used to cover what I owe now. In my head, I would work through the summer and pay it down to avoid needing to use $1k+ from next semester but I had things that needed to be done since I was without a job for a year. The only issue is that I would have to wait until June to set this up.
She failed to mention, however, that in order to keep my classes, I had to pay enough that I owed less than $1k by May 11th. If I would have known that, I would have been putting money into this whole time and just kept enough in my bank account for gas. I thought I was being smart by saving some money so I was able to put more towards it during the summer months. However, I made an appointment today to speak with them about it and that is when this information was finally shared.
I am angry because this is probably my 6th time talking to them this semester and they have not once mentioned that detail to me at all. If they couldn’t answer my question, they would bounce me around departments and then that person couldn’t answer another question and they would transfer me to another department.
Now, I could pay to get under the 1k mark, but that would mean I wouldn’t have money to cover any other expenses and wouldn’t be able to pay it down in the summer except for maybe $30 each paycheck (around maybe $150-$200 the whole summer). Alternatively, I could wait until summer and let them drop me from my classes and pay more during the summer when I won’t need to spend as much money. The issue is my classes are highly competitive for spots so there is no guarantee I would even be able to keep my schedule even remotely similar.
I have applied for two seperate loans and got rejected from both (with cosigners) and just don’t know what the move is. Any advice or insight would be helpful. Thank you.
TL;DR: I need to pay $830 dollars by May 11th to keep my classes but I would have no money left for basic necessities.