On Sunday, I will update the data for December, duplicate the 2022 tab on my spreadsheet, rename it as 2023, delete the information and call it a day.

Could you move further out, get a roommate, or move in with family?

I didn’t mean that it would affect your ability to go back to the US. Some countries would take into account a bankruptcy procedure when approving a visa, so in the country you’re staying in right now, you could be affected when renewing the visa.

You have been rejected for the loan because you don’t make enough money to pay for your expenses plus the loan. The best idea is probably to publish your budget here to see where you could cut expenses and getting a second job.

You seem to be putting a lot of blame on third parties (the university fucked you over, the visa fell through…) and taking no responsibility. You got here because you took too many loans that you could not afford.

If you want to post your budget, we can try to help to see where you could cut expenses and find money to pay off the loans. Look into the avalanche and snowball methods of paying down debt if you’re interested in this option.

Only you can decide whether you want to live with the consequences of defaulting or bankruptcy. Make sure that it won’t affect your current job and visa too.

Insurance is the driver’s responsibility, not the lender’s.