I am going to study next year and my parents are going to take out a student loan for me but they are just paying the interest on the loan, when I finished my degree I have to pay off my own student loan.

We are not rich, we do live comfortably but we try to cut expenses as much as we can. I am currently in my final year of school and I have no job experience. I will not say that I am sponging off my parents. I am difinitely going to look for some work over the holidays because I got my drivers license and my parents expect me to pitch in if I am going to drive around with their vehicles.

I am basically starting to experience independence now that I can get about on my own.