Hi everyone. I received an email from a reader (let’s call him Larry) who needs some advice. Larry is a college student who took out a big loan and needs help because he does not feel he can pay it off.

Here is his email:

Hello! First, I just wanted to say you have a wonderful website and I enjoy reading your blog posts. I have a really quick question. I took out a huge loan and unfortunately I cannot pay it off…what do you think I should do? I am a broke college student so I don’t have much life experience on what one would do in this kind of situation. Please give me some input!
Thank you!

What would you advise this reader to do in order to get back on track?