Hello, r/personalfinance. I hope this is the right place to post. I'm a 17 year old soon-to-be highschool graduate, and I am looking for a realistic opinion on what to do.
I was accepted into two universities, one in my hometown for BSC Health Science (applied to this to appease my parents, who think I should transfer into a med program in 2nd year which I have no plans of doing) and another much further away for Honors Computer Science Co-op.
I really want to attend the second university for computer science, but I have to take out loans for most of my university costs. My parents can lend me $3000 for the first year, and I have $2000 saved from work and that's all. If I attended the second university, I would be moving halfway across the country and taking out double the amount of student loans. My debt load would go from about 30K to 60-70K, and I'm not even sure if you can take out loans that large from my province's student aid.
I could transfer into computer science in my hometown university but the internal transfer GPA necessary is 3.0+ and I would essentially be 'wasting' my first/second semester on courses for a degree I don't want to do. There's also no guarantee I can get a 3.0 average in the necessary prereqs for transfer into Compsci.
TLDR; Is it feasible to take out 60-70k in student loans for a 4-5 year bachelors degree in computer science? I have 2 days to accept an offer of admission.
Submitted May 28, 2017 at 07:10PM by unithrow2 http://ift.tt/2qxamIQ
