I'm so sorry you fell into this debt trap.
At this point you can't afford to play around with a startup. Most likely the startup will flop while the 10% interest never lets up and destroys you. You need to start making money yesterday.
At this point you can't afford to play around with a startup. Most likely the startup will flop while the 10% interest never lets up and destroys you. You need to start making money yesterday.
If you're a junior, you should already have marketable skills. You need to start earning something ASAP, even if it's applying to every scholarship under the sun. I don't know why/how you're taking for granted that you'll even be hirable in a big tech company right out of school, especially making enough to cover an extra $30k+ in loan payments every year.
300k over 30 years is ~21k in interest per year. Over 10 years its ~17.5k a year.
But yeah, that's a lot. I'm curious how one racks up $300k at a state school. I just checked a few state schools in New York and their out of state tuition is ~7k a year?
$300k is enough to have gotten a degree from the most expensive private school in the US (Harvey Mudd).
But to answer the OP: absolutely do not start a company. Get a job and pay your loans off.