I have a school loan, well I took a semester off.

Is it possible to take out a loan to quit my job and JUST go to school?

• I'm a 20 year old Nursing and psychology student. I am a Sales Associate at WalMart. I was a News Editor and Production Manager for my university newspaper for the past three years, but I took a break this semester to focus on school (it was either the newspaper or walmart, realistically, and walmart paid much much more). I'm transferring to another university across the country next semester, so I'd have to quit WalMart by August anyway. I'm taking two summer courses (science-based), so it's fast-paced. I've been considering quitting WalMart and taking out a small loan to sustain myself until September. I wouldn't mind continuing to work at WalMart and completing the work-intensive courses over the summer, but I HATEEE working there. It's so inconvenient and my bosses are incredibly rigid. For example, my car was stolen one night (50 miles from where I work) and I was without cash or a cell phone. I spent the night literally on the streets with homeless people (haha). I was scheduled in a few hours, so I missed my 4-hr shift. The next day i explained to him why, and he gave me a strike (he said he doesn't care the reason). Talk about understanding.... And because I'm the youngest associate, I tend to take the blame for things I did not even do. It's so frustrating. I still manage a 3.7 GPA in college, but WalMart takes up so much time and effort, working 25-30 hours a week (with my Nursing courses!). Would it be silly of me to take out a loan? Because I live with my mom, my cost of living isn't too high. I can easily manage with $120 a week (after my monthly bills, gas and food). So, I'd be taking out a $2,000 loan for 4 months. I have classes this summer that are going to be incredibly rigorous (Organic Chemistry). And, if I get below a "C" in them, the college that accepted me will rescind their offer! It's my dream school, so I absolutely cannot get a poor grade. What is your opinion on this? Thanks!

• Answer:

  Many students take loans to complete a degree. The problem is who will be willing to give you a loan? If you manage somehow to get a loan then you will be able to finish your college degree faster and get a better job that pays off the loan and get you into more comfortable living situation rather then working for wollyworld. Stay positive and look at a brighter future.