No. of Recommendations: 3
So we're living on just my income of $36,300 (gross) per year. Our rent is expensive ($1,300), because we live in a wealthy area with good schools.

$1300/month rent x 12 months = $15,600. That's nearly 43% of your annual (gross) income (I'm guessing before income taxes?)... Your family, quite obviously, cannot afford to live where you are.

And there's school loan debt. still. Between DH and I, we have approximately $200,000 in debt.

"The average student graduates with about $21,000 in debt these days." Between you and your husband, you incurred about 5 times that, each - WOW!!... and, you didn't seem to learn much, at least about budgeting, procuring jobs and paying back as you progressed and the payback at the end. What the heck did you study, brain surgery and rocket science? My nephew did study the later, and did co-op work at NASA and Hughes several months every year while he studied in "school", which helped pay his tuition at Purdue, along with room and board, and graduated with very little debt. I know it's been a long time, but I went to an (accredited:) State college from 67 to 71, majored in accounting, studied long and hard, got admitted to the college's Dean's College, studied under PhD's and CPA's, graduated with honors and nailed down job offers from Price Waterhouse, Touche Ross, S.D. Leidsdorf and several other significant International CPA firms - The tuition when I started was $80.50/quarter. My last year, tuition and book rental amounted to $110/quarter. I bought my accounting and math books, which, in total, added a few hundred, at the time. You're placing WAY to much emphasis on "schools". Most of what I learned in "schools" is "ALL in the book (textbooks)" and, nowadays, on the Internet. There is little you can't learn, that you may need and want to learn... and you don't have to spend anywhere near as much as you have, out of your pocket and indebting yourselves, to learn what you need to know when you wish/need to know it - In the words of a manager I met at Touche Ross, "It's more important to know where to find something, than to know everything. IMHO, you do need to cut your "educational" expenses (and debt) (read: support a school, beyond your means) drastically, and apply what you have learned effectively - The link that I posted earlier in this post might help you work through/extend the student loans that you racked up and, perhaps, even eliminate (some) of them, under certain circumstances.

You done wore me out - Only YOU can help YOU, for the most part!!
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