Hey, 29M, made some choices and I'm pretty stuck about it right now. I have about $35k debt in loans for a bachelor's degree in something that is very difficult to find a job for nowadays. It's incredibly hard for me to get a start on a lot of things again while I juggle mental health and some physical health problems after my life fell apart a few years ago. I have no license or car in a rural area, which turns off a ton of smaller-time job opportunities as-is, and I don't know anyone where I live.

    Like others, SAVE was helping while I try and pick up the pieces again, but now that it's going away and all new plans have a payment, I'm stumped on what to do. I've been unemployed for a few years now, have very little money at the moment, and I'm not sure what to do for the future.

    I've had a few people tell me $35k is nothing and to go back to school again, but I don't know if that's a good idea with all of the changes to student loan debt. If I do, I'm worried that more debt will still end up in high payments and a poor financial life regardless.

    I've also had people tell me to not waste time and money going back to school and to get something more menial or generic. If I do, I feel like I'll be forever stuck for the rest of my life with very little, with no possibilities or opportunities for something more.

    I'm not sure what repayment plan I should move to now; I've always been hesitant because I don't know what is best for my situation and I don't want to pick the wrong plan, but I also want to avoid doing it too late. RAP? PAYE? IDR? PSLF? Something else? I'm also not sure if I should consolidate my loans when I don't know when I'll be employed again; I've been told not to in that situation.

    Any advice I'm grateful for; I'm too stuck in my own head about every little thing to think properly on my own. I know there are far worse situations I can be in, it's just difficult with everything looking so bleak nowadays.

    If you had/are having a similar experience, I'd also appreciate hearing about it, in case I'm not alone.

    Unemployed on SAVE, no career plan. What to do for now?
    byu/AffectionateBar5401 inStudentLoans



    Posted by AffectionateBar5401

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