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Hi everyone, appreciate input in advance, just looking for some pointers on what to do in my sticky situation.
Long story somewhat short, I now have about 400k in loans (med school and then masters). Late last year, I discovered most of the loans had gone into default during a very health-related difficult year for my family which involved a lot of moving for all parties involved. My servicer letters didn’t get to me as they should have, and I thought I was on an auto pay but didn’t really pay attention.
Currently, I’m in the rehabilitation program which will end in July. Currently cannot do PSLF at my institution. After this mess, I just want to be out of debt. My questions are:
- Should I drop the largest amount possible to rid the loans with largest interest?
- Once the loans get sent to a servicer again, how should I proceed with those?
- I love the idea of pslf and may move (in a couple years) to an institution with pslf but now have an aversion to this a debt hanging over me.
I understand this was a massive mistake, and I beat myself up every day for it. But during the time when I missed the payments, was potentially the lowest point of my life and ultimately I should be thankful I am where I am.
I hope people can give me some good pointers, thank you all.
Long story somewhat short, I now have about 400k in loans (med school and then masters). Late last year, I discovered most of the loans had gone into default during a very health-related difficult year for my family which involved a lot of moving for all parties involved. My servicer letters didn’t get to me as they should have, and I thought I was on an auto pay but didn’t really pay attention.
Currently, I’m in the rehabilitation program which will end in July. Currently cannot do PSLF at my institution. After this mess, I just want to be out of debt. My questions are:
- Should I drop the largest amount possible to rid the loans with largest interest?
- Once the loans get sent to a servicer again, how should I proceed with those?
- I love the idea of pslf and may move (in a couple years) to an institution with pslf but now have an aversion to this a debt hanging over me.
I understand this was a massive mistake, and I beat myself up every day for it. But during the time when I missed the payments, was potentially the lowest point of my life and ultimately I should be thankful I am where I am.
I hope people can give me some good pointers, thank you all.
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