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First student loan to pay off

Monday, February 24, 2014

Student Loan Repayment plans.

I have finally jumped into the waters of the repayment plans for my student loans. I filled out the request and now I wait to see what happens. This is a scary thing because I do not know right now what the payments will be. They should be lower than the 600.00 a month payment they want me to pay now. We are also a small family and that makes a difference. I suppose they do not include a dog and a cat into that family equation size.

Part of what sucks about this is that if I had more kids I would be eligible for a better payment. But I only have one kid and that makes a difference. She is also heading into her adult years and I only have so much time that I can claim her as a dependent. I do wonder how long she would like to stay home and in college. lol.

The first part of the process was fairly easy. Go here to get started. Take a deep breath and read all the information. Go over your options and move forward.

What sucks also about all of this is that they will collect more interest. So by no means is this going to mean that the loans will ever be paid off.  But it may just be that little something to keep them from calling all the time and time to build up the extra to pay on the principal of the loans.

I think that in a way we have to out smart the Dreaded Loan people.  I can only hope to find a little loop hole though the tangle mess that I"m in right now. This will take time. One day at a time.

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