Geesh if all you are down is 40k you should consider yourself lucky.
I went into debt almost 20k just for community college because I was unemployed, and I needed financial aid to live off of, that and work study funds.
I got an internship that turned into a decent job as a Network/Systems Administrator but the pay was never going to go up much even when they hired me full time.
I accepted a position in Anchorage, AK and moved up from Washington State.
I spent almost 40k to move to Anchorage and then six months after they hired me they laid me off because they felt they made a mistake in hiring someone with 3 years experience instead of 10. (After 2 months of phone interviews to understand my skill level) I had to drop everything and pack and be up there 2500 miles away in 2 weeks.
After losing my job, I had to move back to Washington State and spend another 7k just to get back home with my family. 7 days with 3 people up to Alaska in a Uhaul and 7 days back in just under a year. NOT FUN!
Well I'm still unemployed after almost two years. I've decided to go to DeVry and get a BS in Technical Management and then an MBA specializing in Project Management.
DeVry by far is not the most expensive University in the world but it's not cheap either. By the time I get done with my BS, and my MBA including what I spent at the community college level I'll probably be 80-100k in debt. Not including the other debts I racked up since losing my job Dec 19, 2008. Also not including the debt I wracked up spending 11 days in intensive care with H1N1 and Double Pneumonia this fall. I don't have a clue if I'm gonna come out of either of my degrees with a job in this economy or not.
http://tinyurl.com/29mywmo is my blog