Engine Failure - Help, What do I do?

[2001saxster]

This is my first post on the forum and I am desperately in need of some advice. I've had my 2001 Boxster S for only about 6 months. It just got the 60,000 mile inspection about a month ago. Last week while on a very short trip (only a few blocks) the coolant light started flashing. I had the car parked a few minutes then drove it home and the light had turned off. Same thing happened the next day so I called the dealer who instructed me to top it off with coolant. Everything seemed fine as the light went off again. Later as I was getting on the freeway I blew a big cloud of smoke out of the tailpipe and a few minutes later the lights flashing again and so is the check engine light. It wasn't overheating and didn't seem to be driving bad other than that but I was very concerned so I went straight home (not far). I didn't drive it all weekend and made an appointment with the dealer first thing on Monday morning. They said it was Ok to drive in as long as it wasn't overheating. Now I just got the call with the diagnosis. Engine Failure! They explained that it was leaking coolant into the oil. The only fix is a new (or possibly used) engine at a cost of $15,000! I have no idea what to do now. Its not as if I am a millionaire and that was a disposable toy. It was my baby and now I am absolutely heart broken. Any words of advice, wisdom, or comfort from anyone who has gone through this would be greatly appreciated.