Explain your decision to your parents, and avoid blaming them for your lack of money. Take responsibility for your situation and assure them that you are not giving up, just following a different path in your life. Hear them out and listen to their concerns about your future. Remember that your family is emotionally involved in your life and be understanding about their opinion of your decision.
Research your options based on the education you have and where you want to be in five years, ten years and twenty years. Consider the job opportunities in your area and benefits that each job offers. Remember that some job opportunities offer educational support if you wish to return to school later. Keep your college options open in the event that your economic situation changes and you can return to school. Also, consider the necessary benefits that you need your job to supply, such as medical and dental insurance. Find a job that meets your needs and dedicate yourself to meeting the demands of your new job and working to move up in the company.
Contact the National Student Loan Data System and apply for an economic hardship deferment immediately. Use this deferment to delay your required repayment of your college loans by up to three years, giving you time to get on your feet and establish yourself before you have to repay your loans. Review your college loan information regularly to make sure that your deferment is accepted and the information is current.
Continue studying in your free time, especially if you intend to return to college at a later time. Stay up-to-date on information in your specialization and use your time to prepare yourself to reenter college. For instance, you may print out your college reading list and start reading one book from the list every two weeks, ensuring that you will be ready to excel in college if you return. Start saving money from every check, giving you a small savings that you can use to either reenter college or help pay your student loans when they do come due after your three year deferment.