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Home > Questions Answered by User Comments > We Owe $191,000 in Student Loans And I Need to Go Back to School. – Rob

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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  • Donna

    where do I sign up? as students we dont have many options when it comes to students loans private or federal.

  • Donna

    Hi Steve, well I have my BS in Criminal Justice and my MBA. I owe private and federal student loans. I always wanted to go to law schools what would be my better way to do that? Scholarship, grants or another loan if I qualify for one?
    –Donna

  • Donna

    Hi Steve, well I have my BS in Criminal Justice and my MBA. I owe private and federal student loans. I always wanted to go to law schools what would be my better way to do that? Scholarship, grants or another loan if I qualify for one?
    –Donna

  • delores barber

    join me in writing the president, congressman and senators for a student loan bailout or you will be paying double and for the rest of your life

    • Donna

      where do I sign up? as students we dont have many options when it comes to students loans private or federal.

  • http://www.twitter.com/billpratt Bill Pratt

    Dear Rob,

    Sounds like a real tight spot. Good for you for sacrificing cable. First I would talk to your lender(s) for your student loans and see if they can work out a better payment option (perhaps you have already). Next make sure you are not having too much in taxes taken out each pay because you are running a tight budget. I am guessing you have about $3,500 per month to work with in total, which obviously will not work. Your two quickest choices are to take a second job (one or both of you) or to get out of your lease, although you’ll have to move at least 30-60 minutes further from your job I realize. I would stall going back to school for about one year as you make some tough sacrifices to get your payments lower on student loans, or increase your income(s).

    Good luck,

    Bill Pratt
    Author of The Graduate’s Guide to Life and Money
    and Extra Credit: The 7 Things Every College Student Needs to Know About Credit, Debt & Ca$h

    Bill Pratts last blog post..billpratt: deciding which colleges to send my credit card seminar flyer to

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