> Given that you don't have any collateral with this debt You may not have collateral, but you technically should have an asset, which in this case would be an

> Given that you don't have any collateral with this debt You may not have collateral, but you technically should have an asset, which in this case would be an education and degree in hand. What matters is if your education and degree were in a subject that has market value. $30k for a computer science, engineering, law, finance or medical degree wouldn't really be underwater, because you have a degree with market value.