Been there, and it's tough. Based on my own experience I would recommend the following: - Make sure you're ok, it's hard emotionally taking a hit like that, b

Been there, and it's tough. Based on my own experience I would recommend the following: - Make sure you're ok, it's hard emotionally taking a hit like that, but it happens to all of us. As ksvs said in one of the other comments even Joel Spolsky hit the wall during the last bust. Realise that it's not your fault, talk to friends, enjoy life. - get out of debt, it's a killer. I've been in worse debt and it's not as hard as you might think to get out of it. Talk to your creditors, tell them the situation and be straight about it. There's a good chance that you might be able to negotiate a deal where you don't have to pay it all back, or get lenient terms. Creditors like straight talk and hate excuses. - when you're past the first two points start a company - the education that you have just finished by going broke with a company is worth much more than a cs degree. You have just improved your chances of success considerably. Almost nobody succeeds the first time, but the ones that start their second company have a much higher rate of success. Good luck.