I am a green card holder. I want to enroll a college program. I will apply for student loans as well. After I graduate if I can't find a job and can't pay my loans back, what can I do?
You are extremely smart to be asking this question. Lots of people blindly occur this awful type of debt.
The short answer is - there's not much you can do. Student loans are an insipid and frightening type of debt. There is almost no escape. There are a few things, don't get me wrong, but it requires an incredible showing.
The few options available includie: filing for an unemployment deferrals until you can find a job. There is also a program called "income based repayment" which lets you pay off your loans as a percentage of your income.
You may decide that college - and particularly graduate school - may not be as worthwhile as they once were.
