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My advice is as follows:
Put your car up for sale. Live with your mom for a couple of months until you find a Job. Once your car sells, lets say you get 15K out of the sale. That will leave you with approximately 5K to work with. (As has already been stated). At this point, a mode of transportation is all that is necessary, it really doesn't matter what it looks like. 5k will buy several different four cylinder, highly reliable, vehicles. Basically, buy something that can get you to and from work, once you find a job. Since you will have paid cash for the vehicle, you no longer have to deal with the $80+ full coverage insurance, or the 300 dollar car payment.
Once you have a job, find a roommate, and move in with him/her. Focus on paying off your student loans, and getting another job at another school.
It will hurt to lose the Boxster, but at least you will be able to get another one in the future.
I'm 26, and I've been paying back student loans as well. I was lucky enough to have a college friend to live with. Good luck sir.
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