How do I get out of this mess? Losing hope in not having debt.
With the SAVE plan ending today and the RAP plan starting, I am attempting to figure out the best plan of action moving forward. The goal is to not have incredible high payments as I do have high rent and electric bill with goals of getting a house next summer.
I do not qualify (or that I know of ) for forgiveness under PSLF as I work for a bank as a Cyber Security Analyst making $69,000. I also file single with zero dependents.
I am looking at possibly getting a financial advisor for this circumstance along with housing plans but wanted to ask here first as I am not familiar with all the terminology.
Here are the loans I have:
Unsubsidized Loans:
5,616.71 @ 7.055
22,779.31 @ 6.54%
11,822.88 @ 5.28%
7,733.80 @ 2.75%
5,337.51 @ 4.53%
6,938.71 @ 4.53%
6,190.34 @ 5.05%.
Private Loan (Firstmark Service) 39,708.43 @ 5,740%. Making $325/month payments.
Am I total screwed?
EDIT: I also forgot to mention I have a Parent Plus Loan at 13,504.54 @ 5.3% however I can't do to much since my brother is also taking out student loans through PPL at the moment.