I have 5 PP Loans in the amount of $114k. My daughter is still in school and graduates May 2027.
I have my personal loans with 2 years left on PSLF. The payments are $250, which is a little high, considering my salary and I’m a single mom, but I’m paying it on time.
I would need to consolidate the PP Loans to qualify for IDR- PSLF, and started the application BUT it calculated my monthly payment to $989 a month, which there is no way I can pay this money every month.
What are my options?
Do I just consolidate 2 or 3 of the loans so they will qualify for IDR -PSLF ?
I need my payments to be around $250 per month
Any advice would be appreciated!
Posted by photomama70