Please let me know if this is too much information/perhaps unsafe private information to reveal. I am trying to understand the finances behind this stuff and what I can do to get rid of my loans effectively by looking at the loan amounts/interest rates/loan types/breakdowns, etc.
I know it's a lot of detail but I'd be so grateful for some help here. I don't have a family or a knowledgeable friend I can ask about this sort of thing.
Via Citi (studentloan.com) $6110 remaining - CitiAssist Undergrad Loan original bal $5550, 3% fixed (assumed), $37 minimum. $540 principal, $460 interest total to date $5160 remaining - CitiAssist Undergrad Loan original bal $5250, 2.5% fixed (assumed), $30 minimum. $480 principal, $330 interest total to date It does show the two loans combined for last month: $40 principal, $27 interest Via AES: $4540 remaining - Fed Stafford original bal $5500, 5.7% fixed, $61 minimum -> $40 principal, $21 interest $1780 remaining - Fed Unsub Stafford original bal $2000, 6.5% fixed, $25 minimum -> $15 principal, $10 interest $4540 remaining - Fed Stafford original bal $5500, 6.55% fixed, $67 minimum -> $41 principal, $26 interest $3470 remaining - Fed Unsub Stafford original bal $3500, 6.55% fixed, $51 minimum -> $31 principal, $20 interest $2050 remaining - Fed Stafford original bal $2625, 2.15% variable, $25 minimum -> $21 principal, $4 interest Expected payoff dates for the AES loans all around Jan 2020 Via ACS: $9110 remaining - Private Loan original bal $11680, 2.83% variable, $90 minimum -> $68 principal $22 interest $1975 remaining - Institutional Loan (CPS) original bal $2500, 6.00% fixed, $30 minimum. $520 to principal, $310 to interest total to date
So about $38-39k left, monthly payment here $416 each month.
Is there anything here I should be deathly concerned about? Are these rates considered super high or manageable? What is a good mode of attack here? What are the main takeaways I should understand about these loans? What are the payoff dates for the other loans? Why do my Citi loans have a higher balance than the original payoff amounts?
I really need some help understanding all this... thank you so much.