Seems like tough times for a lot of people.

You dug yourself in a hole because you put off the problem. Been there, done that. You shouldn't ignore these issues, because you made a mountain out of an ant hill. Come clean with your parents and work to pay off that debt asap. The longer you let it stray, the worse your debt will be and the worse your problems will be. You don't want to get into serious debt, my best friend is still paying off debt for classes he messed up in and chose to ignore until it was too late. Don't become another victim.