Im 26 have 12k student loan debt and 63k of parent plus loans that i have been paying the last two years. Originally my loan was about 26k and the parent plus was 70k.
The monthly payments are $160 and $880 and i have been throwing down an extra 1k on top of the personal loan every month. Would it be a smart idea to apply for forbearance on the parent plus loan to knock out the personal one sooner like 6 months instead of 12 and then fully focus on the parent plus loan after wards?
Posted by Daveyboy_14
1 Comment
I would advise against forbearance, it typically results in higher costs long term.
I would continue with the strategy you are already using.