<prompt> Human: I am a student in a small suburb in New Jersey and will be attending Drexel University in the later upcoming months. Drexel is a private institution with a great co-op, but tuition is extraordinarily expensive. I would have to pay 70k every year in which 20k is forgiven in scholarships and federal loans, and every year after my freshman year my co-op should off-set my tuition. I have applied to a private loan company by the name of salliemae. After reviewing my application they said at the end I would have to pay about 120k after interest which is 11 and I feel that is over whelming considering I have 4 more years after freshman year. I will be getting my master after my fifth year. My first payment is due by August 7 and I dont know what to do. My parents suggested that I shouldnt take a gap year, but they want me to pay for college.Assistant: Thank you for the response, I am currently taking out a loan for 50k but the loan service Im using has put a 11 interest rate and has estimated I will be paying about 160k. If you have any recommendations for other services please let me know.  <response>: Horrible idea. Dont go to this school, this isnt worthwhile. Youll be so far behind with 250 debt and the interest rate. It will cripple you emotionally and financially. Look into local community colleges, many let you apply very late, then transfer over to a cheaper public institution. Even if you have to wait until January to start. 