I am graduating this week and fortunately I have a job lined up that I will start next week making 42k annually. I went to a somewhat expensive school and I have a number of loans as follows:
Direct Unsubsidized:
3500 at 3.86%
4500 at 4.66% 5500 at 4.29%
Direct Subsidized:
2262 at 3.86%
2228 at 4.66%
2124 at 4.29%
7625 at 3.76%
Parent PLUS:
7500 at 6.84%
14000 at 6.41%
12550 at 7.21%
Interest accrued during college:
6819.57
Total Loans:
61,789
Total Debt:
68,608.87
Fortunately I am able to live with my parents for a few months so I don't have to worry about paying rent right away. I also have 6 months before I need to make payments on any of these. My dad wants me to consolidate the parent plus loans, is this a good idea? In general, what is the best way to attack these loans? I would like to escape debt as soon as possible!
Thanks for the help.
Submitted May 10, 2017 at 08:30PM by hotxpocket http://ift.tt/2r1sMSU
