| Mr Khan said: I'll "only" be in the hole about $25,000, which they say is roughly where you should be at, something under what an entry-level individual in a full-time professional job would make (generally around 30-40,000 a year i'm looking at) Essentially, what you want to do is set yourself up with a long-term repayment plan initially, and then renegotiate (if you can) once your financial situation gets better. The nice thing about federal-backed student loans is that there are no fees for early payment, so you really don't even have to renegotiate, you can just start plowing any extra money into paying off principle as you wish. |
That is a lot of loans man. I have paid for 104 credits (88 credits taken + 16 current credits) and still have 0 student loans, and I don't work that terribly much. By the time I get the 150 credits I will need, I'm hoping to not have any more than a couple thousand in student loans, and had I been much more picky with where I spent my money, that could easily have probably been nothing.
Money can't buy happiness. Just video games, which make me happy.
