<prompt> Human: Last semester, I finished my sophomore year at the Georgia Institute of Technology, and I find myself hit with a wall when deciding to go back.I am a chemical engineering student, that has a 2.75 GPA.For Georgia Tech graduates, a Bachelors in Chemical and Biomolecular Engineering has a median starting salary of 67kyear, with a 15 year salary at 120kyear median. As an out-of-state student, Georgia Tech costs 14,997 in tuition a semester. Since I pay my own room and board, that would be a 30kyear cost.Currently, I have borrowed the following:Freshman Year3,484 Federal Subsidized at 3.41,990 Federal Unsubsidized at 6.8Sophomore Year4,456 Federal Subsidized at 3.41,980 Federal Unsubsidized at 6.8My parents have borrowed the rest of my college costs using the Parent PLUS loans, which they have said they will help me with, but I can reasonably expect to be responsible for paying half of those loans back to them at low interest, as they will be paying back the loans in full 4 years. The amount I could expect to pay back is approximately 25,000-30,000.For this year, my parents have had a delay on their tax filings, which has resulted in me having no access to Federal loans. Additionally, as per agreement with my parents, I now bear responsibility for the remaining loans with them acting as co-signers.This places my total graduating debt at 102,000.For this semester, I applied to Wells Fargo for a private student loan of 14,977. If this rate is continued for the rest of my degree, I can expect to borrow 60,000 more dollars. My Wells Fargo loan has returned with interest rates of 10.99 fixed or 7.99 variable. These both seem high to me, and as such I am at a loss of what to do.Here are my options, as I see it:1. Continue applying for loans to find more competitive interest rates.2. Take a semester off of school to allow parents to complete tax filings, so that I may complete my FASFA and regain access to federal loans.3. Transfer to an in-state school and hope to pay lessnothing. However, none of the in-state schools Montana are particularly prestigious; as such, starting salaries for Chemical Engineering are 10-20k lower. I have not been able to find data for salary increases, but Montanan salaries are generally much lower than the national average. 4. Pursue a 2-year military ROTC scholarship.Is taking on more debt a bad idea? How do the interest rates I listed for Wells Fargo sound? Do you think I will be able to obtain more competitive rates? Will it be possible to repay my loans in a reasonable amount of time, or will my debts crush me?Additional Information:I have had a part time job through my whole college career that can become a full-time job at a pay of 13hour.My parents income is 120,000 but their credit may not be the best due to a bankruptcy 12 years ago. I do not know their credit score, but could that be raising the private interest rates Im getting?  <response>: I graduated with a BS in chemical engineering in May and am working in pilot plant development. Georgia Tech has a great ChemE program that is well respected I went to Clemson University. That being said, spending 100k on your undergraduate education is ludicrous. I would suggest finding some work and living in Georgia to establish residency. Try your hardest to find work that is related to your degree. Internship, Co-op, making biodiesel, working in a lab. If you have any questions about going to school for ChE or advice about finding work, PM me. 