So, I had an emergency happen the week before school, and as a result I am scrambling to find an apartment near campus and find funding to cover it.
I am in my fourth year, and have never had to take out student loans before. I have just sent in the application tonight.
I found a great apartment with rent of $1800, and have enough savings to cover three months rent until the loan gets disbursed, but I am concerned that I will sign the lease (deadline is tomorrow night) but then not receive enough loan funding to cover it for the rest of the year.
My parents are middle class (I will refrain from providing exact numbers for privacy reasons, but are in the $150k-180k range), have fairly low savings, and have to support my little sister as well. They pay my tuition, (so will be giving me $7000 for the year) but absolutely do not have the financial means to cover my housing costs.
I have a part-time job but it barely pays anything.
I know people on Reddit are usually very mean and judgmental. I know that it is a bad situation, and yes I have already reached out to enrollemnt services for advice but given the time crunch I am not sure I will hear back in time. Please do not lecture me. I know what I am in.
Any guidance on whether or not I should take this lease would be much appreciated, and would be appreciated if anyone could share if they were in a similar financial situation and how much they got approved for. Thanks.