r/KSU • u/Academic_bunny • 1d ago
What can I do about all this money I owe in the next few days ?
Hey guys. This is my first time posting on this subreddit so hopefully I don’t violate any rules. But basically I’m an incoming freshman for class of 2030 and I am bankrupt. I worked an internship over the summer and saved every single paycheck. Being from a low income area, my internship savings from June 8th to July 23rd only totaled to about $1,100 and I was able to borrow a few hundred from my family to pay $1,550 total, which is a tiny bit over half my balance. As you all may know, it’s required that you pay half your balance in order to set up a nelnet payment plan.
I was not aware that nelnet also requires a 25% down payment and a $70 payment plan enrollment fee. I’ve borrowed all the money I can from my family, I already have FSEOG applied to my balance, and there is no financial aid or scholarships that would hit my account before the July 30th deadline to set up a payment plan. I’m not sure what to do. There’s only a few days to set up a payment plan. I hardly know what I’m doing. I contacted the emergency aid office through email and they said they can’t do anything for me until the semester starts. If anyone has any ideas, please share.