Should I use student loans to pay off debt?

I am 3.5 months pregnant with my first child and I would love to be a %26quot;stay at home mom%26quot;. The problem we are having is that money will be tight if I do not work full time. My husband makes enough money to cover the major expenses but our debt is high and we use my income to pay the debt. I really would like to go to graduate school. Would you all suggest that I start the program next year taking student loans to help w/ the debt that we have? This way I can stay home the majority of the time (except during class time) as well as obtain my masters and use the student loan to help with bills that have outrageous interest rates. Any advice/suggestions?

Should I use student loans to pay off debt?

I would never suggest incurring more debt while you are already in debt.

You and/or your husband needs to get more income and cut back your expenses.

Call all of them and work out a payment plan and try to get your interest lowered or stopped. If you want to earn money, you will have to get a real job. You can't earn a living answering surveys (which really just collect info on you!) on the Internet. No company is going to pay good money for that when they can simply provide a survey link on their receipts and get ACTUAL CUSTOMERS to tell them what they thought of their services or products (for free!).

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get %26quot;The Total Money Makeover%26quot;. Read it and follow it carefully.

Go check out Dave's website as well.

www.daveramsey.com

Should I use student loans to pay off debt?

Why are you going to graduate school if you want to be a stay at home mom? You can't have your cake and eat it too! Make a choice. It would be silly for you to go to school when you want to stay home. Going to graduate school and taking out more loans will do anything but help you right now. You need to pay off the debt you have first.