Paying off Student Loans

[docmed2012]

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posted in wrong forum..

 

[JacobMcCandles]

You won't be able to afford to pay only the interest. You're looking at almost $1500 a month in interest alone. Your best bet would be to consolidate them (not because you can get any better interest rates, but because it's easier to just have one person to pay instead of several) then do IBR payments and try to pay some extra every month if you can. Your payments will likely be in the $400 range under IBR.