private
$28,793; 8.42% interest; $193.35 minimum
$20,000; 8.91% interest; $146.46 minimum
government
$2,990.33; 6.53% interest
$7,761.71; 6.39% interest
$3500; 4.99% interest
$4500; 5.50% interest
$4,237.81 ; 5.00% interest
As noted in the chart, top 2 are private and rest are government. Currently unknown minimums for the government ones but I just paid $250 towards all of them today. I did $120 for the 7k one and $40 or $50 for the rest
Still have grace period for all loans but i’m getting a head start. I have $9000 currently free in my bank account which I can use. I don’t have living expenses and my job is $20.88 an hr with PA tax, 40 hrs a week. Have yet to receive a paycheck. I plan to spend hardly any money on myself. Maybe $100 a month for just regular spending for food or going out with friends.
$71,782 for Undergrad loans. What do I pay first and what amounts?
byu/wekidough inStudentLoans
Posted by wekidough
1 Comment
If you can afford the minimums and toss plenty at it (sounds like you can) deal with highest interest first and minimum payments on rest. If you can’t then I’d recommend smallest just to reduce the minimum monthly. Luckily none of the interest rates are awful (not great, but not rediculous)