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Messages - brefern20

Ask a Question / Re: Navigating the Best Repayment Plan
February 20, 2019, 10:19:33 am
Thanks for the quick reply it really helps!

1. I'm not really sure if I have a chance at PSLF? I went to law school for one semester and left, proceeded to get a Masters and now work in advertising as a writer.

2. I'm a woman haha, my husband doesn't have US income this year because he is foreign, but luckily, has no loans nor debt.

3. Kid free, dog friendly.

Ask a Question / Navigating the Best Repayment Plan
February 20, 2019, 08:47:37 am
Hey there  :)

I'm looking for the best repayment strategy to pay off my student loans in a stress-free manner over a period of time. I'm not the type to lose sleep over paying off my student debt in the quickest amount of time. I would say I'd like to focus on a strategy that allows me to live comfortably, and gives me a plan of attack I can stick to. Thus far, I have paid my IBR payments on time, but would like to make sure this is the best course of action. I'm well aware that I can be forgiven after 25 years if I pay consistently, but I'd like to cut this time in half.

Here are the specifics: I am 27 years old/Married/ 130k in debt/all federal loans (12 in total)/highest interest is 7.21% at 27k/lowest interest 3.4% at 4k/if were to consolidate all loans the interest would be 6.25%/My IBR payment is 179$ based on my previous 55k income/My new income is 80k and plan to make 120k within 3 years/I have 25k in assets (401k/investments/savings).

WWYD, factoring in refinancing/IBR/consolidation/snowball method/avalanche method and all that jazz.