September 11, 2018
Two semesters of law school= $51,718
Current unpaid interest= $1,888
I have no clue how I’m going to pay this back. I really dislike law school. I was forced to attend. Now I’m sticking up for myself and dropping out, but now I have all of this to pay back.
I’ve never had a job because my family did not allow it, so I have no work experience. I do have a bachelor’s degree in Political Science though.
How much would I have to make an hour to pay this loan off in under 4 years? The interest is growing quickly so I do not want to pay more money than I have to.
What types of jobs could I start off with so I can start paying this debt off?
I feel so hopeless and scared. Any help would be greatly appreciated. Thank you.
May 3, 2014
Ok… step number 1… take a deep breath… you can do this.
Give yourself credit for stopping law school before you run up any more debt. Lots of people don’t realize they hate it until they are in legal careers with 200k+ in debt.
Are your loans federal or private? If they are federal, I’d start by getting enrolled in the Revised Pay As You Earn Repayment Plan. The way it treats the interest that builds up makes it a good option for people who are looking for work.
As for how much you need to make an hour, it really depends upon your living expenses.
When it comes to finding a job, that is pretty far outside of my area of expertise. You might start by reaching out to your undergrad’s career development office. They should have experience helping people find jobs in your field. I’d also highly recommend networking. I know it is cliche at this point, but that really is a great way to find a good job. While you still are looking for work, treat finding a job as your job. Spend at least 40 hours per week seeking employment.
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