BBB has ruined my life
Unfortunately my only acceptance is a private school with 550k COA and the private loan rate I got is 9.06% on 15 years, I don’t have a reliable co-signer. I’ve been in a really bad mental state for over a month now. I’ve tried my best to make sense of my repayment but it’s coming out to about 5.3-5.7k a month and this is with RAP on the federal. My parents agreed to let me move back in with them after school until I find a spouse but even then I don’t think this repayment number is something I’m comfortable with.
I’m trying to switch to hygiene but just found out that I have to retake 5 science classes to be able to apply to the 2 schools in my area, adding on 1-2 year delay before I can get into the program. I’m already 25 and my family is pressuring me to get a career started soon.
I feel like the past 7 years of my life have been wasted working so hard for dental school and now it seems like it’s out of the picture because the BBB got to me. I’m just completely stuck and don’t know where to go from here. I can only see myself in the dental field. If I go through with dental school , I have a plan to increase my credit score to get a better rate for D2-D4, and plan on applying for NHSC, HPSP but I feel like it will be extremely irresponsible to go to school trying to bank on these competitive scholarships. Reapplying to a cheaper school is out of the picture bc my DAT is expired and my app would be really late this cycle, my application was also not really strong to start with. I applied to 18 schools, got 2 interviews to expensive privates and only 1 acceptance. Any advice or words of encouragement are appreciated. I am in the lowest point of my life
Edit - maybe worth mentioning my school offered me a HPSL loan to reduce my private loan need, unsure if it will be the same amount every year or decreases as the years go by.