Get Out of Debt Guy

I'm a Single Mom and Struggling with Student Loans and Childcare

Posted December 3, 2015

Question:

Dear Steve,

I am a single mom of two and I have about 67k in student loan debt. I cannot afford to pay my student loans after trying to work 2 and 3 jobs just to take care of my children.

I don't have anyone to help me. The payments are high, even with the income based repayment plan. Do you have any recommendations or do they have any debt forgiveness options that I am not seeing? Would bankruptcy be an option? Thank you!

Jaye

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Steve Rhode
WRAL Get Out of Debt Guy

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About this Blog:

Steve Rhode has had careers in opthalmology, real estate and as the head of a nonprofit debt counseling firm. On his blog, he offers hard-won, free advice about getting out of debt, consolidation and making the right choices as you manage your money.