I attended a 4-year university in Wisconsin and did horribly. It was totally my fault - a combination of immaturity, stress and mental issues. I dropped out two semesters in a row, appealed (and won) both times after that. I ended last semester with abysmal grades in academic probation.
One option now is to pay for 9 credits out of pocket and then be allowed to receive financial aid (it gets frozen when one is on academic probation). I could apply for a personal loan through the credit union I work at to pay for 9 credits and then continue to attend this institution.
OR I could apply at a local community college affiliated with the 4-year school. This school guarantees transfer to any colleges in the University of Wisconsin system, including Madison.
I'm a bit stuck. I want to raise my grades in the first school by retaking courses, and I love the city the school is in. On the other hand, I'm not sure I'd even qualify for a personal loan and I feel like I should punish myself for being such a moron and just stay in this crappy area (close to family

) for a couple more years at the 2-year school. I'd save a bit of money on tuition which doesn't hurt, but I will need to pay to send my transcripts and whatnot. I would be getting a teeny tiny studio apartment if financial aid allows for it, so there wouldn't be much of a change in COL either way.
What would you do? (Besides not doing terribly in the first place.

)