VW won't just give you a new engine, trust me. If you take the car in now and have the timing belt inspected, they will most likely tell you that they recommend that it be replaced. If they tell you that, and you don't authorize and pay for the work, then they are done with you. They will not cover you if it fails. If the dealer says it's good to go until 105,000 miles, then you might then ask them if the warranty will cover it up to 100,000. They will probably then tell you now that they recommend it be replaced early. Anyway, make your parents get you a new timing belt, water pump, etc. I put a kid through college too, and I paid for a lot of crap I didn't want to, but I didn't leave them a ticking time bomb for a car.......Ok OK, it's not a ticking time bomb, maybe....but you get the picture. Such is the nature of the beast when dealing with rubber cam belted cars.