Let me try to explain this.
I currently have 57,000 dollars in federal student debt. I'm at the debt limit due to changing majors and living on campus for longer than I should have.
I have an estimated 3 semesters of college left before I graduate. My degree would be a bachelors of science in Business Administration- Management information systems.
In order to get through it, I would need to take out private loans which would make the debt around 70-75k total by graduation, maybe closer to 80k. For an undergrad degree.
I made a lot of mistakes to get to this point and I know that. I should have never switched majors but I felt like I needed to get a degree in what I was passionate in, which is technology.
I’m stuck. If I drop out, I’m stuck with 57,000 dollars of federal debt and no degree to show for it. If I try to tough it out, I’m stuck with 75k+ at graduation and the fear that I may not be able to land a good position.
It’s beginning to feel like death is the only way out of this, and I will admit that right now I feel stressed out to the point of feeling suicidal. I don’t know what to do, and I don’t want to drag others into this colossal mess-up that I have done to myself. I’m so thankful that I live alone with no dependents, so my mistakes affect nobody but me. But I don’t see a viable way out of this.