This is my first time posting here, so sorry if it's in the wrong place.
I'm graduating from a small liberal arts college this May with a bachelors in Biochemistry. I tried applying to grad schools, but that's not looking so hot at this point so I've begun applying to a bunch of jobs. From what I've seen, the average salary (based on 40 hour work weeks at $15 an hour) is around $28,800.
My loan is a private one at a fixed rate of 3.78%. However, I owe about 110k at this point. Using a calculator from the loan company, the minimum payment is $555 a month which is almost a quarter of my monthly salary. It suggests making payments around 10% of it, but then I wouldn't even meet the minimum.
I have no clue what to do. I'm trying to live frugally as possible because, best case senario, I'd like to somehow pay more and not be stuck in a 30 year hole. And, yknow, being able to actually live would be nice. Any suggestions?
Submitted March 19, 2017 at 08:53AM by Its_Just_Jen http://ift.tt/2no8rZX
