Hi there. I have 8 loans totally over $200,000. I just made my first loan payment via Nelnet. I am signed up with IBR PAYE in order that I can afford the monthly payments, as they would have been almost 4 times what I am paying. Because I am brand new to this, I am unsure of something that someone at Nelnet said to me, so here is my question: Should I even bother attempting to pay down a couple of the loans that have higher interest rates in light of the fact that I am on the IBR PAYE and am optimist that at the end of 20 years I will have the balance forgiven (and hopefully it will be tax-free) - ? I am also afraid of how I will handle actually watching my balances go UP instead of down over the next 20 years, as the payments right now don't even cover all of the interest accruing...
