So, in my journey to get to where I am today, I spent a good 7 years getting a Master's degree. This, of course, led me down the path of student loans.
Currently I sit at just over 100k in student loan debt, and I'm not sure how to tackle it. My salary, for the moment, is 54k before taxes, which could change in the next few months by plus or minus about 3k, due to moving from contract to being hired into my company.
Current monthly expenses:
- Rent/Utilities: 575
- Gas/Commute: 200
- Groceries: 350
- Car Payment: 220
- Personal Loan: 200
- Various Other: ~120
The problem is I have no bearing as to how I should handle my student loans. Currently I have consolidated them into a single loan, and the repayment option I was considering is known as REPAYE, as in the worst case scenario it offers forgiveness after 25 years for Graduate School debt. I'm not really sure what the best option for me is and would love to have some advice on the matter. Like what should I pay on the loan per month, and is it worth looking into the 25 years of debt for forgiveness?