Worried on what to do
Hey everyone, I recently graduated with my masters in May and I’m becoming overly anxious and have been crying almost every day as my grace period is coming to an end in November.
As I've right now, I have over $250, 000 of student loans. $68,000 being federal and the rest being private with College Ave and Sallie Mae. I know it's in my best interest not to consolidate or refinance my federal loans as I will lose any possibility of forgiveness. However, I don’t know how to approach my private loans.
I've reached out to a few loan refinance companies just to see my options. Unfortunately, my monthly payments are too much for my salary.
For context, I’m a teacher and never planned on making this my career path until then bulk of my loans were already taken out (I originally had plans to go into finance… go figure 🙄). I’m already accepting the fact that I have to get a second job to help make ends meet.
I’m wondering if anyone has any advice or suggestions of what my best option would be.
Also, I already recognize that taking private loans out was the dumbest decision of my life. I unfortunately did not have the grades in high school to get financial aid, or parents who went to school to help and inform me about my decisions.