OMG!
I am also in the same situation too!! I have been an international student in the US since 2005 to 2010, and I also can't find a job!! It's been almost a year now. so saddd
(
I am currently working at a minimum wage job and volunteering at university. I barely make $600 a month. I am sleeping on my friend's bedroom floor.
I owe around $10,000 total and I have been paying the minimum fee. I always pay the debt (the min payment) on-time, and I made this calculated risk when I was in college that as soon as I graduate and work as a chemical engineer. I can pay off the debt in several months.
I graduated with a B.S. degree in Chemical Engineering. Entry level chemical engineers make around 65K-70k a year. Lets say I would make 60K that means I will make 5K a month and I could use 2k a month to pay off the debts and I will be debt FREE in 5 months!! Unfortunately, I am still jobless right now..and I am getting a job in my home country.
In my home country, I would make much less than in the US. I will make around $400 a month.
My minimum payment is around $200 a month and if I only keep paying the min payment it will take me 28 years to pay off the debt and I would end up paying $17.5K (due to the stupid finance charges)
My questions:
Is it worth it to I keep my US bank account open and pay off the debt slowly?
Paying $200 a month when you make only $400 is A LOT of money, and I have to deal with it for 28 years
((
So should I just "forget about it" for now and as my career advanced, I will be a successful engineer and entrepreneur and I can easily pay it off.
I really want to be able to pay off the debt. I don't want to do anything illegal. I was in 10K debt due to the dentist and some academic related fee. I didn't want to burden my parents.
Please help me!
Thanks for reading my post