The Student Loan Debt Forum | The College Investor

Student Loans => Ask a Question => : bhjagsfan1 14, 2022, 04:18:50

: LOAN HOLDERS 30 + YEARS
: bhjagsfan1 14, 2022, 04:18:50
over 30 years non graduate and original loans add up to 30k but over the years been in forbearance so many times, i now owe 73,000. Somehow i have never been in default. Sallie Mae but now Navient serviced and in a income based repayment.  Debt to Balance ratio is now ridiculous over 50% owed just in interest. Anybody know of any help?
: Re: LOAN HOLDERS 30 + YEARS
: TheCollegeInvestor 15, 2022, 10:07:47
How long have you been on an income-based repayment plan? At the 25 year mark of the plan the remaining balance is forgiven. The key is, you need to stay consistent on it and not default.