“What if I fail? What if I get thrown out of school? What if I end up homeless? What if my parents disown me for letting them down?” This kind of thinking made me stay in my dorm during second semester until the Academic Review Board decided I needed to take a leave since I am a bright student lol

I agree with your concept but find the word concern preferable to productive worry. To me, it is clearer.

What do I when I know there are actions I can take to alleviate the worry but I'm just stuck in not knowing exactly what to do and just being paralyzed not doing anything?

Dear Patrick: You raise an important issue that I discuss in my book The Worry Cure: Seven Steps to Stop Worry from Stopping You. Some things to think about and try in overcoming procrastination and avoidance: 1) list the costs and benefits of each alternative--e.g., doing nothing vs. doing something; 2) ask yourself how you will feel after you do something---don't just focus on discomfort; 3) invest in constructive discomfort and successful imperfection (which I describe in my book); 4)recognize that doing nothing is a choice; 5) set a specific time to carry out the action; 6) write out your negative prediction and then collect information about what actually happens; 7) Reward yourself for doing something.