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Monthly cost

Started by Rohlfiam, March 19, 2019, 06:17:30 pm

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Rohlfiam

So my wife and I just started taking on all of our student loans and we pay 1,425 a month. Is this normal? We barely get by after rent and all of our other bills and expenses. Is there something I could be doing to lower this so we can afford to provide for our family better.

TheCollegeInvestor

It can definitely be normal depending on your loan amounts and the repayment plans you're currently on.

If you're not already on an income-driven repayment plan (like IBR, PAYE) it could lower your payments to give you more cushion each month.

Read this: https://thecollegeinvestor.com/18246/5-legal-ways-to-lower-your-student-loan-payment/