Ask The Get Out of Debt Experts Student Loans

I Went to School to Become a Psychologist But My Student Loans Are Too Much to Deal With. – Steve

“Dear Steve,

My wife and I have managed to amass over 300k in mostly student loan debt. She has a good job as a school psychologist, and I am currently taking care of our 2 young children (6 and 1). I went to school to become a psychologist , but was ultimately forced to stay at home with our children or risk even more debt to pay for childcare AND tuition. Our debts have increased by about 100k in the last year as we have been unable to pay down our debts. We spoke with a bankruptcy lawyer about a year ago and he didn’t offer much hope, but informed us that we could file for bankruptcy at any time. He let us know that our student loan debt could not be discharged in court. I will be 40 in two years with no savings, a load of student debt, a career that initially doesn’t cover the costs of childcare a incomplete degree and a dream of being a therapist.

Is there anyway that I can settle these debts, complete my degree and see my dream realized? If so, Can you give me a roadmap?


Dear Steve,

Possibly, yes. But first I need to know what kind of loans you both have. Are these government backed student loans or private student loans. It makes a huge difference when it comes to solutions.

Since you are answering questions for me. What other kind of debt do you have?

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.

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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