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I just want to help.

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taylor87 View Drop Down

Joined: 17/June/2014
Location: Canada
Points: 2
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    Posted: 17/June/2014 at 3:07pm
So to start off, this isn't my student debt problem - it is my girlfriends. She is about to begin her last year of a professional program, and has about $30,000 left on her line of credit ($80,000 total). Minus about 18-20,000 for tuition, $6,000 for rent for the next year, $5000 for a licensing program that is required to enter her field... doesn't leave a whole lot (if any $$). She was unable to work last summer due to mental health issues, and will make minimal money this summer. Job prospects are poor as her success in the program has been limited due to her health issues. I try to talk to her about it to figure out her options and what her best bet is, but every time i bring it up she shuts down.

I was wondering if anyone here could help me to both 1) realistically picture what life will be like for her after graduation 2) What happens if she runs out of money midway through the school year? Her line of credit is maxed out, they wont extend it any more, and 3) What should she do? Or can she do?

Thank you.
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