My student loan payments are $465 a month, it’s brutal. How much do you pay and am I the only one saving pretty much nothing?

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Mine was $650/mo. I defaulted on it.. thankfully it's in Canada and I don't live there anymore.

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I pay 1k a month

Can I ask how much you make?

Damn that’s crazy high especially on a Junior salary. I’m at $279 now, but I did the payback where it’s based on your income and increases as your income does. I think mine was $132 starting out. I would call and see if you could work out a different monthly payment based on your income.

But SAD, don’t you pay more in the long run? Due to interest?

I pay $980 a month. It’s nuts. I make $130k.

I pay $717/month. 120k salary.

My IBR minimum is about 90 dollars a month but i try to throw about 1200/month at it. I make 68k.

Nah, I love with three roomies paying ~$1250 monthly for rent. That leaves me with about $2400 to budget with every month. Throwi half of that at loans means i have $1,200/month for food, utilities, cell phone, and discretionary spending (going out here and here). I cook most meals at home so it’s really not a challenge at all.

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Question for everyone: is the student debt from undergrad or portfolio school or both?

I went to art school - portfolio and undergrad all in one

$500/mo for a BFA at art school. I make $60k a year and can’t save bc of my bills 🙃

I throw any extra money (tax return, bonuses, freelance, etc) at it because I want to pay it off ASAP to avoid long term interest. Fortunately due to covid, we get a freeze on payments and interest!

CCAD! And yeah any Nelnet loans automatically froze til Sep 30th

Mine are over 600.

If your loan payments are too much, you need to apply for income-related payments. It’s a program that basically scales how much you pay based on your salary.

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