Boyfriend says he has a ring...

Jordan

My boyfriend has been saying he got me a ring but isn’t proposing just yet. When I ask what’s the wait he says he wants me to finish school (college) which will be next December and I’ll be getting my bachelors in psychology. He thinks if we get engaged that I will lose motivation to finish school. We live together and it just bothers me that he doesn’t propose if he has a ring?? Thoughts?