/pf/ i'm posting this for my girlfriend as she is struggling month to month with the burden of these loans. Currently she has $170k of student loan debt and is paying nearly $1400 per month in payments. Most of this money is going to interest rather than the principle. Her loan breakdown is as follows: $40k @ 11.37% $32k @ 11% $21k @ 7% $5k @ 9.75% $21k @ 9.25%
Plus a Federal loan which hasn't kicked in yet of $29k @ 4.4%. Because of this she has built up credit card debt as well. She makes $40k per year and takes home ~$2800 per month. He expenses between, rent, car, insurance etc. come in at ~$3100. She is currently looking for a part time job and I am doing my best of trying to help but she feels buried in this loan debt. What is her best course of action to try and pay these loans off?
EDIT: The loans are all through Sallie Mae.
Submitted June 14, 2018 at 03:59PM by chuckbass15 https://ift.tt/2HLW0Nz
