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I currently have $27,000 in student loan debt being serviced through FedLoan. It's at 7.25% fixed and is supposed to be a 10 year term.
I want this out of my life as quickly as possible. I can put $1500 to $2000 into it per month (my monthly payments are set at ~$350). I'm not a teacher and I don't believe I qualify as public service (I work for a utility company). I want to look into either refinancing to get a lower rate, requesting a payoff amount, or whatever is the quickest way possible to pay this off. I'd like to be done with this in ~2 years, as opposed to 10, but the interest is killing me.
Any advice is appreciated.
I want this out of my life as quickly as possible. I can put $1500 to $2000 into it per month (my monthly payments are set at ~$350). I'm not a teacher and I don't believe I qualify as public service (I work for a utility company). I want to look into either refinancing to get a lower rate, requesting a payoff amount, or whatever is the quickest way possible to pay this off. I'd like to be done with this in ~2 years, as opposed to 10, but the interest is killing me.
Any advice is appreciated.