I have about $56,000 in student loans and a good 10 years more to work. Been pulling in about $175,000K as a nurse who works at for profit hospital. I have been off and on making payments for 25 years on student loans. Can someone recommend to me the best way to pay this off within the next 8-10 years? Should I apply for the Income Contingent program? Please and thank you. Any advice is greatly appreciated.
How to go about repaying student loans
byu/Designer-Coconut-381 inStudentLoans
Posted by Designer-Coconut-381
2 Comments
I don’t know your situation but you make a good income. Pay $1,000 a month and you would pay it off in roughly 4.5 years. Unless you have a huge mortgage or car payments or other huge debts what I outlined is certainly doable.
Does it matter how many payments I have made? I thought with some of these programs it would go away after so many payments. I’ve been paying for years. Gets complicated because I had low student debt then I went back to graduate school and never finished but courted lots more dept.