I Have Nothing But Student Loan Debt

Like many of the folks here, I'm reaching a point where I feel perpetually stuck and so behind in life.  I grew up in a working class family and my dad is an immigrant from the caribbean (Haiti).  I saw them struggle and try their best to make sure we had a roof over our head and so I viewed education as my best outlet.

I incurred lots of student loan debt to get my undergrad and masters degree and went to a top 10 MBA program at an Ivy League school. However now I'm 31 , barely any retirement savings (as I used that to fund my 2 year MBA living expenses) and a LOT of debt.  I don't know how I will ever get ahead as currently I don't have that "brilliant" idea which will take me from poverty to paradise.  So I just get by and if I'm fortunate, I'm able to put away $500 a month after paying student loans and rent.

Sometimes I wonder if I should have even gone to get my MBA and incur the student loan debt associated with it. I feel like I'm wasting my life and am an embarassment to those around me.

KanILive KanILive
31-35, M
1 Response Mar 5, 2010

You don't think it was worth it? I am always facing that question myself, is school and this debt worth it?