How many of you are paying just your minimums? I'm trying to figure out what repayment strategy would be best for me since I'm going to start a new program next month that I took out a student loan for. Do you agree with these pros and cons? In your opinion, do the pros outweigh the cons?

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I try to pay above the minimum due. It's really helpful to set up your payment plan with the lowest minimum payment you can possibly get because you can always pay however much you want to each month. That way if you have a rough month you don't have a super high bill due.

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Additional Posts in Student Loans

Damn LIBOR rate up again...

Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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If you could go back in time what would you tell yourself before taking out student loans?

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Does having student loans impact your ability to get a mortgage?

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SOFI or who else?

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