Struggling with finances... Don't know what to do anymore

[Anonymous]

Anonymous wrote: Furthermore, look down the line to when one day you want to return or somehow this catches up with you. Depending on the country, I'm not so sure you can really escape the debts forever, especially if it's fleeing the US.

quite unlikely. People immigrate all the time. Sometimes they come back, sometimes do not.
But yes, until there is a global system, you can escape the debt
I am not sure if you can do anything with a US law degree

[Anonymous]

Anonymous wrote:I voluntarily terminated health insurance through my husband's work because they refused to pay for my daughter's bills. If they're not going to cover our medical expenses, what's the point of health insurance?

Preventive care. Wow. I just... I was really sympathetic up until now but this is so penny wise and pound foolish. Do you understand HIPAA? Because now anything diagnosed while you don't have insurance is a pre-existing condition and you'll have to wait out the exclusion period when you DO get insurance.

WOW. Wow. WOW. You just did your DD a tremendous disservice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I voluntarily terminated health insurance through my husband's work because they refused to pay for my daughter's bills. If they're not going to cover our medical expenses, what's the point of health insurance?

Preventive care. Wow. I just... I was really sympathetic up until now but this is so penny wise and pound foolish. Do you understand HIPAA? Because now anything diagnosed while you don't have insurance is a pre-existing condition and you'll have to wait out the exclusion period when you DO get insurance.

WOW. Wow. WOW. You just did your DD a tremendous disservice.

It sure doesn't make you want to hire her as your lawyer! The OP needs to mature and learn about the world.

[Anonymous]

I don't think this post is real.

[Anonymous]

We bought a TH from a couple who skipped out on their student loans and left the country. They moved back to South America. We used to get letters and even visits from people trying to collect their debt. It was really annoying and it went on for about five years or so and then the letters stopped coming in the mail. What a mess! I think this is terrible. I think the woman was an attorney or went to law school here in the U.S.

[Anonymous]

I thought law degree was different in every country?

[Anonymous]

Anonymous wrote:Also, not only is it irresponsible to rack up $370K in school loans... it is also irresponsible to have two children when you hadn't thought through the financial consequences.

I'm another law school grad not too much older than you (born 1982)-- I have several friends who are putting off having children due to debt issues.
......
One of my co-worker went to law school later, and is now 34 going on 35, and says she can't even think of having kids due to high private loans for herself and her husband. We are federal government attorneys.

Not to beat you up too much, and children are certainly more important than anything else in this world but--- yes, I do think it is irresponsible to have two kids (not just one, even), without being able to bear the expenses.

sorry to cut your message like this.
But there is so much more to life than money. I cannot believe you are even going this far
Your co-worker that cannot afford kids. They have other reasons for not having kids. Money is just one of the reasons they give nosey people
Either way, I think the original post is fake

[Anonymous]

Anonymous wrote:I thought law degree was different in every country?

It is. Pretty much a US law degree isn't practical in any country besides the US. Although having been educated in the US might impress soem people from another country enough to want to hire you (to do something besides legal work).

[Anonymous]

Anonymous wrote:

Anonymous wrote:$370K for student loans - where the heck did you guys go to school and what kind of degrees? More importantly why did you bother? It doesn't sound like it was worth it!

This is the reality nowadays for many graduates. College is a waste of time and especially money and will make you an indentured servant. Funny considering you go to school so you will have a better life, not become a slave.

Amen to that! I worked 12 hr graveyard shifts, plus a second part time job in addition to going to school full time and still came out with $30,000 in loans that I can't afford to repay. I work as a nanny....not exactly what I envisioned when I worked so hard for those degrees, though I do like my job. College degrees are becoming what a high school diploma once was...dime a dozen. When so many people get degrees it cheapens them and they become meaningless so you have to get advanced degrees and then run the risk of being too specialized. It's a catch 22.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$370K for student loans - where the heck did you guys go to school and what kind of degrees? More importantly why did you bother? It doesn't sound like it was worth it!

This is the reality nowadays for many graduates. College is a waste of time and especially money and will make you an indentured servant. Funny considering you go to school so you will have a better life, not become a slave.

Amen to that! I worked 12 hr graveyard shifts, plus a second part time job in addition to going to school full time and still came out with $30,000 in loans that I can't afford to repay. I work as a nanny....not exactly what I envisioned when I worked so hard for those degrees, though I do like my job. College degrees are becoming what a high school diploma once was...dime a dozen. When so many people get degrees it cheapens them and they become meaningless so you have to get advanced degrees and then run the risk of being too specialized. It's a catch 22.

And a PhD when an advanced degree isn't enough. There are already some fields that are over-saturated with PhDs. If you are going to end up driving a taxi, better do it now instead of after spending all that time and money getting a worthless degree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Also, not only is it irresponsible to rack up $370K in school loans... it is also irresponsible to have two children when you hadn't thought through the financial consequences.

I'm another law school grad not too much older than you (born 1982)-- I have several friends who are putting off having children due to debt issues.
......
One of my co-worker went to law school later, and is now 34 going on 35, and says she can't even think of having kids due to high private loans for herself and her husband. We are federal government attorneys.

Not to beat you up too much, and children are certainly more important than anything else in this world but--- yes, I do think it is irresponsible to have two kids (not just one, even), without being able to bear the expenses.

sorry to cut your message like this.
But there is so much more to life than money. I cannot believe you are even going this far
Your co-worker that cannot afford kids. They have other reasons for not having kids. Money is just one of the reasons they give nosey people
Either way, I think the original post is fake

the original post is not fake. there are thousands of young law grads like her. But money is NOT a reason to not have kids.

[Anonymous]

I have a question... you said "private loans" - how much of this actually went towards school and how much went towards living expenses such as rent and lifestyle? That sounds like your first mistake.

[Anonymous]

OP, why aren't you out submitting your resume to temp agencies? I'm at a loss as to how you spent $370k and to how to amassed your debt and as to how you are unable to find work.

[Anonymous]

Yes the O.P and her husband must have been the lavish spenders while in law school.I have seen their "type"
I don't feel sorry for them for their stupid poor choices.that's what you get for trying to impress everyone and going to "Law school"
WHAT A WASTE!!!!And dont expect sympathy for your poor stupid judgement!

[Anonymous]

Anonymous wrote:I have a question... you said "private loans" - how much of this actually went towards school and how much went towards living expenses such as rent and lifestyle? That sounds like your first mistake.

I'm not OP, but- the federal Stafford loan maximum is around $18,500. Many deeply indebted law students took out private loans to cover the difference between that and $40k-50k tuition bills (not even counting any meagre living expenses).