Hi all,
It was recommended that I create my own post to get advice on how to handle my specific situation regarding my own student loans, as well as my parent loans. I am a single mom with loans from my own degrees, that I had to defer over the years to make ends meet while raising my kids. I also had to obtain parent plus loans so my kids could attend college. My youngest is still a student and the loans for his freshman year are in deferment until he graduates. I am attaching a screenshot of a spreadsheet that shows all of my current loans and their statuses. I know there is a deadline to consolidate the parent plus loans, but I would love any and all advice for the best way to manage, knowing I am still primary financial support for my youngest, so for now, I need lowest monthly payment, rather than paying off the fastest.
I am also attaching a screenshot of the last parent loan that is currently in deferment status. I've highlighted the amounts for original balance, interest and what I will have paid at current payment schedule. It's ridiculous.
Thank you in advance for your assistance.
Attachments in comments.
Need guidance on situation with multiple loans – student and parent
byu/NoAwareness7325 inStudentLoans
Posted by NoAwareness7325