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Reply to "How should I pay off $300k in student loans?"
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[quote=Anonymous]The program details are always technical. For example, you mention that your payments have stopped due to Covid, but that will likely also push out your eligibility (program requires 20 years of payments, if I recall correctly) while interest continues to accrue. This debt number is going to hang over your head and your finances until it is forgiven. Some questions: How much do you make right now? How many years are you into your repayment plan? What other near and medium term goals do you have? What other career options do you have (e.g., PLSF). My burden was about $100k on a single income household (with kids). Paid it off in 4 years by living well below our salary and putting all extra money toward paying off the loans. Bonus, tax return, extra monthly payments, etc.... [/quote]
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