Quote: (02-10-2015 08:16 AM)jSinSaTx Wrote:
You do not specify whether you anticipate the money being requested soon. Unless repayment is imminent, I would suggest working and saving up the money. In the event he does ask for the money in the future you can take out a loan for the balance. Personal loans are typically very high interest. Avoid them as much as possible.
If you manage to save up the full amount, give it to him and remove the issue from your life. Many are too tempted to spend a stack of cash. You do not want to repeat the situation.
As to whether you can work and study at the same time, that depends on you. Many have done it. Much depends on your chosen field of study and your intellect. Work ethic will also count for a lot. Ask yourself how easily you get distracted and what your real willingness is to grind. I personally did my last two terms of college working over 40 hours a week and taking over 15 hours a semester. 16 hour days during the week and 8 on Saturday was my life for half a year. I finished though.
This is good advice.
Plus, with some work history behind you, your interest rate on the loan should be lower when you need to take it out.
Make sure your credit score is as healthy as possible from now on and don't take on any more debt in the meantime.