I was gonna go with #3 until I saw the part about repaying loans. Over here our student loans aren't repaid until a couple of years after you graduate and when you're earning over £15,000/year or something (and even then it's something like a maximum of £20/month I think).

I want to do an MA somewhere but I'm too poor, so option 3 is for me: work, save up, and eventually get educated somewhere new. Definitely do the abroad thing through, it must be so fucking cool, especially for an anglophile like yourself. Plus we could hang out!