What’s everyone’s loan here? Feeling crazy overwhelmed at 200k

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I’m down to approximately $60k. I graduated from an M7 b-school with about $240k in loans.
I will be student debt free in about 12-13 months. I’ll be 39 years old. I cannot believe there is finally a light at the end of the tunnel.

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38K. 32K federal, 6K private. Slated to be done paying private in Dec 2025. Federal Dec 2027. There’s hope. Combine monthly payments $970

20k for an engineering degree! :)

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Bargain!

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I started at far over 200k. Trust me, you’re not alone. I had friends graduate law school with over 400k. Took me a long time to get down to 150k, which is where I’m at now. Slowly getting to a number that seems somewhat manageable; but I never refi’d so I’m on income repayment structure with fed student loan which kills me in HCOL area. We’re all in this misery together🤝

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320k between fiancé and I. Daunting, but feels doable between us.

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Godspeed!

120k and idc, I’ll pay it when I make my first million.

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$150k and. Or than one third is from interest. I can’t even write off the interest payments due to the income maximum on my taxes but yet the banks get to claim it as income, the whole system needs an overhaul. You get an education to make higher pay, and then you pay higher taxes, and then you hit all of these loopholes that are meant to Take advantage of creating more wealth that creates more taxable income. The govt need to do a bailout and wipe out the debt because anybody with student loan debt and they are contributing to society by working and paying taxes should not have any federally backed student loan debts that are being collected upon System is jacked up you have to die to get rid of the debt. You can’t even file bankruptcy. Pay interest and high rates. I am forever now a halftime student at some college, some programs somewhere until the laws catch up. It doesn’t make sense to me to keep paying this debt but what strategy to wipe this debt if you don’t work in public service?!?!

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Your opinion is your strategy and my is mine. If you choose to pay and can pay your debt in 15 yrs, go with your plan for you. . The student loan debt is over $1.7 trillion minus your payments. A forever student strategy is benefiting me. To share with those reading… I shall reconsider in my later years when W2 income is lower and/or whenever the student loan debt bubble bursts creating a solution for those who seek higher education debt bailout -see TARP. We all know that education benefits society as a whole. The education system is designed for wealthy providing high cost to anyone who seeks. The system is fundamentally broken creating growing debt. I can handle my choice on how I manage my student loan debt. Good thing no one is forcing my hand, to continue learning and working with the options available.

40K - This was after scholarships

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60k and still haven’t paid a cent back for my masters degree.

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Same, but add another $37k and in a masters program now

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About 300K 🫠

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I feel crazy overwhelmed at 100k, but I also feel that the govt should take care of its own debt first before it comes after me

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390k

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🥲

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240

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19k at this time- definitely been a long road.

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160k

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$53000 - half of it is interest.

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I was in this situation because of deferments from when we were in a single income home with kids. Everything was forgiven recently because I had been paying monthly for 15 years and the payments did not even cover interest.

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$160k - paying almost $2k interest/month….no light at the end of the tunnel.

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This is my life. My favorite part is when I make payments and the principal balance barely changes due to interest.

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Close to 100K, I think. I'm both scared to look and steadily paying my private and federal loans.

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99k mostly interest

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210k. 140 private My whole payment is 1k private because I got very low interest.
70 public. And nothing due right now but signed up for SAVE

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I’m dragging my feet on 15k with no interest…lemme go deal with it

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@IFC Consultant 1 key phrase is *dragging my feet* here pal

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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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Additional Posts in Student Loans

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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SOFI or who else?

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