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Drowning in Debt

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I am 40 years old and earned a Master’s Degree in Mental Health Counseling in August 2011.  I earned my BA in Psychology in 2004.  My BA offered almost no opportunities for employment, especially a respectable living wage, so I decided to further my education.  The economy was sliding in 2008 when I made the decision to return to school, and I figured that by the time I earned a higher degree, the economy would be in a turnaround and I would have increased my chances of finding a career. Just not the case.  Due to the current laws and insurance policies, my degree is all but worthless.  I cannot bill insurance  Medicaid or Medicare for services until I complete 3,000 hours under a licensed psychiatrist, psychologist, LPC, or LCSW. The problem is that I cannot bill, so no one wants to hire me, or even let me volunteer my time. I sit with over $90,000.00 in student loan debt, of which I must keep applying for hardship forbearance as my waitressing money does not afford me the money to stay on top of my bills and keep my family fed and housed.  So the interest keeps adding on, and I keep falling further into debt.  Take my degrees back and forgive my debt. I was better off 20 years ago as a waitress with no federal loans.  I am unsure if I should be pushing my children toward college or telling them to run away from it!  What a sad state of affairs.

-Jen C.-

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4 Responses to “Drowning in Debt”

  1. Some dude says:

    If they had somewhat of a brain instead of giving the banks the money to save themselves they should have given it to the ones being in severe debt due to the economic crisis. Which caused all this. This would give an serious boost to the economy given the fact that it would have been sent back into the system. The only difference is the inflation would sky rocket instantly instead of steadily in a controlled way (untill it spins out of control but given the fact that they can now predict this moment this aint something they are afraid of).

  2. anonymous says:

    I completely agree with Jen C. when she says that her Psychology degree, “is all but worthless.” Same here Jen, as I earned a “Psych” (literally) and it afforded me absolutely no possibility for gainful employment.

  3. anonymous says:

    I completely agree with Jen C. when she says that her Psychology degree, “is all but worthless.” Same here Jen, as I earned a “Psych” (literally) degree and it afforded me absolutely no possibility for gainful employment.

  4. Steven says:

    What’s up i am kavin, its my first time to commenting anyplace, when i read this post i thought
    i could also create comment due to this good post.

    Feel feee to visit my web site … homepage – Steven -

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