I am a student at the Academy of Art University, online part-time. My research must have gotten a little off when deciding on colleges because I wanted to cheaper college to go to. I knew what I wanted to do, and I knew what I needed to do. I suppose at the time AAU was one of the cheaper colleges I could attend. However, now that I'm looking at it, I don't think I can live with the fact that by the end of my BFA, I will have accumulated $97,000 in federal student loans. With my interest rate set at 6%, that puts me over the top at around $103,000 in tuition and other school costs. With a repayment plan of 120 months, that makes my monthly payment of this loan set to $850/mo. Can you see where I'm coming from now?
When I was deciding on schools I looked into many. As I am living in Iowa, my choices were slim. Another school I looked into was AnimationMentor.com. They teach animation and that's what I wanted. However, since they were a relatively new school and not many people had much to say about them I sort of just skimmed right past them. Now that I'm looking again, I really want to go to this school. I just don't know how.
I love AAU. The teacher's are fantastic and I have learned a lot over the past year. As little of time that is, I do feel I have grown as an artist. If the price were lowered I would have no problem continuing my education at this school. The fact that I love AAU is sort of putting a crimp in my decision. I almost feel guilty and I can't stop feeling guilty. I feel like I've betrayed them or even myself. I'm not sure.
So if I were to apply at AnimationMentor.com and I get accepted, I honestly do not know how I would go about dropping out of AAU. I've made a lot of friends and I wish I could truly afford this school -- but I can't. Writing an e-mail to my adviser to tell them I got accepted to a different school and I would like to withdraw my enrollment would really kill me inside.
Even then, if I got past e-mailing my adviser I don't know if I would have to start repaying the loans I took out for AAU. If I do, I honestly cannot afford it. The whole point of getting an education was to get a job in the industry so I can actually afford to live which I can barely do at the moment.
I know these forums can be harsh at times, but all I really want is some advice from someone on what I could do.