lildrew
Hi everyone,
I just finished grad school in NY and have amassed $73400 in student loans throughout undergrad and grad school. I start a job in a few weeks making about the same as what I owe on the loans after taxes. What is the best way for me to tackle this debt? Pay the monthly minimum, pay more, other suggestions?? I have no other debt but this. I have also been reading a few personal finance books figuring out if my money is best invested rather than paying off chunks of the loans. Any other reading material would be welcomed!
Here is the breakdown of the loans:
Sallie Mae - Private
$12,400 @ 3.25%
$10,400 @ 5.25%
Nelnet - Consolidated Gov. Loans
$26,100 @ 4.875%
Wells Fargo - Private
$4000 @ 4.250 %
Have not consolidated: Recent loans from Grad School
Subsidized Stafford
$8,500 @ 6.8%
Unsubsidized Stafford
$12,000 @ 6.8%
Total: $73400
I just finished grad school in NY and have amassed $73400 in student loans throughout undergrad and grad school. I start a job in a few weeks making about the same as what I owe on the loans after taxes. What is the best way for me to tackle this debt? Pay the monthly minimum, pay more, other suggestions?? I have no other debt but this. I have also been reading a few personal finance books figuring out if my money is best invested rather than paying off chunks of the loans. Any other reading material would be welcomed!
Here is the breakdown of the loans:
Sallie Mae - Private
$12,400 @ 3.25%
$10,400 @ 5.25%
Nelnet - Consolidated Gov. Loans
$26,100 @ 4.875%
Wells Fargo - Private
$4000 @ 4.250 %
Have not consolidated: Recent loans from Grad School
Subsidized Stafford
$8,500 @ 6.8%
Unsubsidized Stafford
$12,000 @ 6.8%
Total: $73400