I feel like my monthly payments are way too high for the amount I borrowed. Consolidation options only made the payment term longer. Is there anything else I can do?
2007-07-11 10:02:45 · 2 answers · asked by MG1182 1 in Education & Reference ➔ Financial Aid
Option #1 - Work three jobs.
Option #2 - Work two jobs.
Option #3 - Marry a rich man or woman
Option #4 - Rob a Bank
Option #5 - Hope the feds lower the interest rate (not going to happen soon), and reconsolidate your loan.
Bottom line is, there's not way to payoff students loans without 1) getting more loans 2) consolidating 3) earning more and paying more. Just deal the payments. You're getting some tax benefits from them anyways.
2007-07-11 10:12:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not really. Consolidating will only make you pay more in the long run.
2007-07-14 13:38:42 · answer #2 · answered by John 3 · 0⤊ 0⤋