If you only make $22,000.00 a year, how do you get rid of $60,000.00 in student loans?

Answer 1

Don't worry, you will be making more in a few years. Until then make the minumum payment. They are used to it taking many years to be repaid.

Answer 2

You need to just keep sending what the minimum payment is each month to keep your credit clean. There are two options here. You can refinance the whole amount to a smaller loan and have a smaller payment depending on your credit at this time. Or you can get yourself a part time job, working from home. All you need is a computer and spare time. This is probably something that you do any way in your spare time. Get paid to surf the web. Check out this website to learn how you can join for free and earn extra income to pay off those student loans, visit ://www.agloco.com/r/BBFX1553 and start earning as early as today.

Answer 3

Payments over time would be the only way.

How in the world did you run up $60k in loans and wind up with a degree that only pays $22k a year.....

You must not have worked during college or done anything to contribute to your tuition and expenses other than take out loans. Best to get those spending habits under control now or you will be in debt the rest of your life.

Answer 4

You do it over several years the same way you would pay of a house or a automobile. ie...6000 a year for ten years would be like $500 a month mind you your interest may add a year more. If you can't afford that much a month then figure out how much you can and pay that. You will need to contact your student loan provider to increase your loan term if the time you need to pay exceeds your current agreement.

Answer 5

Find a job that pays more. If you have that much in student loans, with a little luck you can get a better job than a $22K one.

Student loans often get paid off over quite a few years.

Good luck.

Answer 6

pay the most you can and either try to get a small part-time job to help contribute to the loan.
or check your local bank for better interst rate if the student loan has a high interest rate.
K

Answer 7

You should a low interest loan to pay of the ever so expensive student loans (if the credit permits). try your bank or credit union there usually good with those type of issues. good luck
Nichelle H.

Answer 8

DO you have any other debt? Try to pay off one account at a time. It is called the reverse snowball effect. Let these institutions know what your plans are and concentrate on them one at a time.

Answer 9

Change the country, some countries gives you learning by free like Switzerland

Answer 10

Looks like you better find a sugar daddy, or get a second job!