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Make your monthly payment larger than the minimum, and then save up to pay off the largest interest bearing loan (it may not be your largest dollar loan, but a smaller dollar amount with a higher interest payment) first. Once you have that down, apply those payments towards the next.. so on and so forth. It will help tamper down the amount you pay in interest vs principle
Refinance with First Republic if you live or work in their service area. Their rates are massively better than any other option (mine is 2.6% fixed for 10 years) but it's tough to qualify.
$200 Referral link for both of us if interested: refer.firstrepublic.com/s/john659
Bummer, I'm outside of their service area.
Yes first thing you should be looking at is refinancing.
Sounds like you are doing your best. Paying off a loan is discouraging at the start but over time you will pay off more principle. Also your income should grow and you might be able to make principle only payments and drop your balance. Slow and steady
I have 70k in student loans and it sucks! Best of luck. Pay as much as you can every month and stick with it
Don’t be discouraged. Interest is paid on the principle remaining. The interest you pay will start going down after a while
Ugh It really sucks but it sounds like you’re doing well. I would only say to not take on more debt (credit cards, car payment unless you need it and can pay cash) and just keep plugging away at it. Refinancing it as others have said is a possibility too.
SoFI is another good refinancing option. Also, depending on income, the interest on student loans can be deductible, so it’s not always the smartest move to accelerate payoff at the cost of investments.