<prompt> Human: Hi so this is my first post ever, but Im in a bit of a pickle. I started college in September of 2016 with all of the costs covered by loans and grants, plus some work study because I am very low income. I ended up having to leave college in October because my mother is disabled and she had a stroke and I was needed to take care of her. When I went to the office to withdraw, they didnt tell me that they were cancelling ALL OF MY LOANS and instead of just having the loans taken out for when I go back to college later, I was going to owe the college itself 3,000. I signed whatever they gave me because I was in a huge hurry and needed to leave the next day. Now I owe them 3,000 by TODAY a little late for that. They said they are now going to report me to the credit bureau and I could owe an additional 50 of what I already owe and it will affect my credit score badly. I have no clue what to do. I have 9 in my bank account. Im only 19 and my credit score is going to be screwed before I even have a chance at life. Ive basically lost hope. Any advice? Side note: I was taking a personal finance class while I was there. How ironic.  <response>: Generally, when you take out the loans, you agree to the terms, which generally mention cancellation if you dont attend or maintain SAP. What would generally happen now is you have a debt to the university. You can try to negotiate with them and see what happens. 