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I Dropped Out of College to Care for My Aunt With Alzheimer’s

“Dear Steve,

I was 1 year from my degree, when I dropped out to take care of a non-invalid , Alzheimers’ 93 yr. old Aunt. That was in 2008, at which time I was told she was on Hospice and only had 3 months left to live. Auntie passed away in March of this year. For the past 4 yrs. I have been a non-paid 24/7 caregiver. My student loans were at 22,000.00.; now with accured interest for forbearance, and hardship my loans are up to 47,000.00! I have no way to pay this back, as the job market is not a kind one. At the rate it is going around 500.00 per month in interest, I will never see the light of day. I am actually afraid to get a job for fear of garnishment. I am 55,unemployed and borderline homeless(living at a friend’s place temporarily).

What options do I have?”

Are the private student loans or government backed student loans?

Please post your responses and follow-up messages to me on this in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

READ  Financial Issues for Alzheimer’s Families

About the author

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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