Any advice would be appreciated
I went into law school under the impression a family member would pay my loans off. However, said family member reneged on their offer and now I’m stuck with this.
Obviously had I known I would have never gone to law school.
Here’s my current situation:
Total: $264,455.42 - Aidvantage
Current job: $75,000
- $64,944.58 - 8.05%
- $66,417.78 - 9.08%
- $64,532.07 - 8.94%
- $24,132.29 - 7.05%
- $23,055.30 - 8.08%
- 21,373.40 - 7.94%
They are estimating my standard plan monthly payment to be over $2,000 and possibly closer to 3k. I live in upstate New York and the cost of living is just impossible to afford rent and that kind of payment. However, the IBR plans just feel like theft.. I will end up paying more than what I originally owe after the payment and the tax bomb of the forgiveness.
Please, if you have any tips or tricks I’m at a loss and just crying everyday over this.