Hello,
I have ~95,000 in student loans, broken down as follows:
A) ~12,000 in subsidized Stafford loans @ 6.5%
B) ~7,000 in DIRECT subsidized loans @ 4.5%
C) ~5,000 in UNsubsidized Stafford @ 6.8%
D) ~61,000 in DIRECT UNsubsidized loans @ 5.3-6.3%
E) ~10,000 in PERKINS @ 5.0%
My understanding is that REPAYE is my best bet to get these payments under control for my income (55k).
I am planning to consolidate loan D (which is actually a few different loans) to make it a single-payment. Then apply for REPAYE.
My question:
Should I also consolidate the rest of the loans? My understanding is that the SUBSIDIZED loans (A-B) are a different beast and don't qualify for REPAYE. Is this the right plan?
What do I do with the PERKINS loan? I do not qualify for forgiveness. Should I also consolidate this or are there other benefits I would lose out on?
Thanks!
Submitted May 18, 2017 at 06:28PM by Brosencephalitis http://ift.tt/2qwZLRD
