I guess it all depends on your cash flow doesnt it? If you have the $$ then keep the thing, it shoudl prove reliable.
If you are tight for cash, instead of being car poor, dump it and get something cheaper to run.
Also your prices seem off, that car is worth more like $12 grand. 16-18 gets a nice e46 coupe these days.
Plus if you live near u of O (shitty university btw lol) u won' tneed a car - walk to grocery, clubs, restos, n uni
"Get rich or die tryin!"