I just graduated from university in may with more than $44k in student loan debt, not including the additional $65k or so under my moms name for parent plus loans. I also have $8k in credit card debt that has accrued after needing a new laptop and because I spent 5 months traveling this year and didn’t realize how much I was spending. I just got a new job in NYC making $725 a week before taxes, the same cost as my rent each month. Currently the minimum payment on all my credit cards is around $250. I have to start making payments on my student loans within the next 3 months and right now my minimum payment for all my loans is going to be about $480 a month, and that’s not including payment for another loan because they haven’t disclosed the minimum payment amount to me yet. I didn’t know my DOE loan had a minimum payment of $268 a month before I received a letter today, so I immediately went to their website to apply for an income driven repayment plan. Even with all this I’m feeling extremely overwhelmed and I’ve accepted that I will never pay my student loans off but I don’t even know how I’m going to make the minimum payment each month. My degree is in criminal justice and I was planning to go to law school but I put it off. I also don’t want to go to law school and add more debt to my name, and I don’t think it would be possible to make enough money for my bills and go to school at the same time. Please please give me some advice. At this moment I’m truly regretting ever going to university and getting my degree.
Submitted November 01, 2019 at 10:32PM by jadedcloud https://ift.tt/326R5kk
