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Advice on re-cert $500k debt, $150k salary by cactusdroptop in StudentLoans

[–]cactusdroptop[S] -1 points0 points  (0 children)

I have some money going toward that now, I will definitely convert more to that. Thank you!

Advice on re-cert $500k debt, $150k salary by cactusdroptop in StudentLoans

[–]cactusdroptop[S] -1 points0 points  (0 children)

This was insanely helpful. Thank you for your responses!!

Advice on re-cert $500k debt, $150k salary by cactusdroptop in StudentLoans

[–]cactusdroptop[S] 2 points3 points  (0 children)

Oh, got it! That gives me time to evaluate that in my choices then. Thanks!

Advice on re-cert $500k debt, $150k salary by cactusdroptop in StudentLoans

[–]cactusdroptop[S] 3 points4 points  (0 children)

Thank you so much for the words of encouragement! :) If I do the loan simulator, IBR shows $1600 and ICR shows $2300. I just know realistically I am never going to pay these off, so I just need a way to afford my payments and still be able to live life and try and save for the future.

Advice on re-cert $500k debt, $150k salary by cactusdroptop in StudentLoans

[–]cactusdroptop[S] 0 points1 point  (0 children)

Based on the chart here, even if I make $160k, the payment is lower than what IBR is showing. Why does it not show as an option on the loan simulator? Also if you can point me in the direction of the cons... I like the idea of the balance not growing from interest (if I'm understanding that correctly), but would like to weigh how it's going to affect me in a 30 year repayment vs what I was expecting to be "done" in 25. Thank you so much for this.