so I don't really know what to do currently. I have just finished my first year of college and I am not sure how I am going to pay for the coming years.
first a little background: Everything was normal in high school, I had been told that my parents had saved up money to help pay for college tuition since I was growing up and I believed this until about a week before I moved into my freshman year of college. My dad got caught cheating on my mom and in the process of my mom trying to find out more she uncovered that my dad had been borrowing from their 401k and gambling a lot of their money that had set aside away (he has been an alcoholic for years and my mom believes that it has left him mentally unstable.) My mom in a panic started filing for divorce trying to get some of the money back. He spent their entire retirement funds while also incurring some massive debt from credit cards that had APR's in the high 20's (important to know for later) and also large fees from borrowing from their 401k. The divorce took until just recently to be settled and I spent my entire first year trying to get enough money to pay the college, thankfully my parents did have enough money to cover what fafsa hadn't already through loans. It was an extreme amount of stress and worry trying to figure out if there was going to be enough money.
With my first year just ending and now being into summer break I am not sure what I need to do for college payments. My dad has said he will pay half but he can not be trusted as he constantly threatens to withdraw his support when ever he is drunk or upset. My mother said she will try to help but The settlement from the divorce was not enough to cover all the debt that my dad has left her with along with the large lawyer bills that they are demanding be paid upfront. She says that she also has to plan for her own retirement now that there is no money left and that during the months that the divorce process was going on her credit score tanked massively from all the bills she could not pay off (the interest was larger than what she could actually pay to start reducing the capital). I was told to get a parent plus loan through the school but my mom does not meet the requirements for that due to her low credit score and I am trying to distance myself from my dad so he doesn't screw me over. She told me point blank that the majority of the money is on me to come up with...
I am really confused as to what I need to do now since, a lot of this has been kinda thrown on me and I don't know the first thing about what my options are. any advice would be appreciated
Submitted May 08, 2017 at 06:17PM by throwawaysdafadg http://ift.tt/2qLa5pV
