If your private student loans are in default, you're not out of options.

Go to yrefi.com slash Ramsey.

Yeah, so the issue that I'm trying to sort through right now is my daughter is heading off to college this year.

I do have two other kids to follow behind her about four years apart, which is a good thing.

I have a lot of debt, about $200,000 worth of credit card debt and loans with personal

loans and HELOC that does not include the mortgage of about, you know, I pay about $4,400 a month

there.

So, you know, the issue that I'm having is that I make too much money that we don't get any financial aid.

We were fortunate enough that we got some merit aid.

My daughter's going to be going to an SEC school, and they're giving us, like, in-state tuition, so that helps a lot.

But we're still going to be left with about $30,000-some-thousand-dollar after the fact.

So I'm stuck with the question.

Do I try to pay that in cash?

Because I can work extra that I could probably do that.

Do I take the $20,000 parent plus loan out and put that extra money towards the debt

that I have?

I just don't know which way I go.

My wife and I are, you know, we, not that we fight about it, but we argue about, you know,

what the heck we're going to do,

because we totally miscalculated and we were just, just didn't know, we didn't know anything about

paying for college. I was still living in the 80s and 90s, and things have changed since then.

Yeah, for sure.

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