I would say part out

 

Sounds like you shouldn't have bought the car to begin with if your only source of income is school loans. You are at least knowing when to fold them.

The car is worth more running. Sell what you can to get the car running. Put it back to stock in the process. The car would be worth more in stock trim any way.


Good luck and you've learned an expensive lesson. Good thing is you haven't ruined yourself. When you get a good job and can afford to mod cars as a hobby you will enjoy it more.