i might have to drop out of grad school
I screwed up big time. Pls delete if not appropriate for this sub.
Supposed to move away in less than two weeks for a one year masters program. After watching my older sister secure a student line of credit without even needing a cosigner, and from my very naive understanding of how school and banks work, I thought getting funding for my program would be easy, so I put off applying for a student LOC to about 3 weeks ago.
Well! I got my student loan assessment and that will only cover around half of what I need, which I expected. I applied for a student LOC at two different banks with two different cosigners and was rejected due to the cosigner debt ratio being too high once my LOC was considered.
Now I'm at a loss. I have a couple other cosigner options, but they all also have debt, only one has a decent income but she may not be able to help because of other circumstances.
I wrongly assumed that the bank would give me money because they would see that my program will lead me to a high paying job that will make repaying easy. Turns out the only reason my sister had that success is because her degree was seen as a healthcare program, and mine isn't.
Any advice other than dropping out?