<prompt> Human: My parents have co-signed a loan my private loan with Wells Fargo they havent missed a payment with Wells Fargo or anyone else in 20 years and are in debt 20k 10k a year the rest of the debt is federal. I go to a nice private liberal arts college and am a Political Science majorTheology minor. I have around 24k a year in scholarships from the school. EDIT: The school costs 46k so Im borrowing 22k a year, my parents make around 100k a year and have offered to help pay the debt, but I want to be as independent from them as possible.Edit 2: after asking my parents some questions they told me that they plan to sell off my late grandfathers house and split the money with my 3 uncles and use that to get out of debt once they are out they plan to save as much as possible for helping with my future. My father told me he thinks my debt problem will be difficult but not impossible I just shouldnt expect to own like a new car or new house. This is my first post here, I discovered this subreddit looking for a budget planner. Im just curious about how worried I should be about being in this much debt, and if there is anything I can do to help ease my burden when Im out of college? Thanks for any insight into my personal financial situation : I apologize if what Im asking is in the sidebar.EDIT: WOW didnt expect this big of a response thanks! I know many of you are telling me to go to CC, and I will seriously consider it I have some friends that go to the cheapest MN-scu school in the state and essentially am spending my summer in that city being the lead in a shakespeare play. Most of you guys also told me to switch majors once again I will consider it, Im thinking something in econanalysis would that be a better field?I spoke to my parents again they told me they will support me in whatever I do and that I shouldnt let the debt scare me as they have almost payed off their mortagage and had plans on selling our house for a large sum, I am not letting this affect my decision and am assuming they will only help me minimally. Assistant: I dont mean to be rude, but why on earth are you going to a private liberal arts school for a degree PoliSciTheology that you will, at best, make 30k a year coming out of school and likely in a job unrelated to your major?And Im not really targeting you on this, so much as I dont understand the draw of private schools for anyone, unless youre going to be entering a highly competitive industry. More often, you can get the same or better education at a state school for a third or a quarter of the cost.Human: So I chose the school that I thought fit me best and the state schools I was looking at were around 20k which is how much Im paying at my private college. I also chose them because the vast majority of majors find a job in their field within 6 months. I am also Catholic and fairly liberal and while most colleges in my state, MN, private religious colleges are Lutheran.  <response>: As a Big Ten alum, I can tell you that your in-state school, University of Minnesota, has a pretty solid PoliSci program. Moreover, if youre at a school big enough, youre going to find people just like you Catholic and liberal.Sometimes its good to go to a university where there are people NOT like you, too, so that youre exposed to different ideas. Who knows - maybe you meet someone who challenges everything you believe in a good way, and it either reaffirms your beliefs or you change a bit. Listen, if we go with the assumption that youll be facing loan payments of 1,000 a month, youre talking about approximately half or a little more than your after-tax monthly take-home pay. That sucks. The way your parents will be helping you out is by not cleaning out your bedroom so you have a place to live that doesnt involve cardboard which youll especially appreciate in MN, Im sure.Youre going to be financially dependent on your parents in any event after you graduate because of your school choice. I assume that given your parents income, some of those scholarships are merit-based. Might you have received some at U of M as well? 