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I'm a fourth year who didn't match into psychiatry. I matched into a Transitional Year program. By some luck of god, I have a little less than $100k in loans to pay back (paying back my parents though.. that is there). Actually the value is like $60k. Now since I am going into a TY (TRI, truthfully) I will have more expenses this year as I will be reapplying, ideally booking flights, hotels, etc. Is it smart to take out a loan with the federal government, consolidate, and then apply for RePAYE and pay a minimum amount on it? I know I will be in some financial hardship next year but I'm struggling to determine whether this is a good idea or not and any help is greatly appreciated. Thank you
