Student Loan repayment options

Quote from DWad : Her current loan payments are around $1100/month. her current income is between $30-35k/year. Thanks for any help

Quote from DWad : I'm not quite sure where you saw anything about bills being paid. She pays the bills just fine. Don't be a dick, thanks.

That pay is a bit over $400/week = $1600/month. $1600/month income - $1100/month student loans leaves about $500 a month to live on.

Right, I'm the Dick.

Take the rose colored glasses off bro, your girlfriend is in a world of financial trouble, and its only going to get worse by getting the masters. Good luck with her.

Quote from nizzy1115 : That pay is a bit over $400/week = $1600/month. $1600/month income - $1100/month student loans leaves about $500 a month to live on. Right, I'm the Dick. Take the rose colored glasses off bro, your girlfriend is in a world of financial trouble, and its only going to get worse by getting the masters. Good luck with her.

A bit over 400/week is a bit of an understatement. It's actually a little over $500/week, and that $2000+ per month is more than enough to live on. You're forgetting a few things though-

1. Her financial situation is not your concern. I posted on this forum to request help with adjusting student loan payments, not to save someone that is drowning financially, because that's all I needed.

2. You don't know where we live, and therefore you don't know the associated cost of living. You don't know how much we pay for rent, food, utilities, etc. You don't know if she has a part time job or other source of income, or any other extenuating circumstances that may exist.

3. You don't know that she's always paid her bills on time, has great credit, and has very good prospects for her future. You don't know what industry she's planning to work in, or what kind of contacts she has in the field that can get her a job.

4. You don't know what kind of financial support system she has. Are her parents/relatives rich? Does she have a fully-funded emergency fund? Does she have a retirement fund? Does she pay rent, or does she already own a house? Oh guess what, this is more information that you don't know. Are we seeing a trend here?

5. You purposely insulted my girlfriend, and by proxy, me, on a public forum. Completely based on assumptions, and completely unprovoked.

So yes, you are the dick.

Quote from DWad : So yes, you are the dick.

well you sir are peachy arent you. i think you need a hug

ps whats up with your name i googled it and urban dictionary has some great sayings about it! i suggest everyone take a look!

Quote from nizzy1115 : well you sir are peachy arent you. i think you need a hug ps whats up with your name i googled it and urban dictionary has some great sayings about it! i suggest everyone take a look!

Glad to see that we can agree on your dickishness

As for my username, it's a portmanteau (here, I Googled it for you! [wikipedia.org]) of my part of my first name and part of my last name. Yes, I know that people may think it stands for something else- that's nothing new, don't worry.

Back to the topic though: Thanks for all the help, btw. I'm actually surprised that more people didn't make negative comments on the amount of debt, so if you didn't do that.. pat yourself on the back, well done. I repped a few of you for good answers.

Quote from DWad : I repped a few of you for good answers.

Thanks! But you really shouldn't have given me extra rep, but I'll take it for my great answers.

Quote from DWad : Hi All, My girlfriend currently has a lot of student loan debt. About 80k in NJClass (HESAA, state loans), and 20k in federal loans. She is working in a Bio lab as a lab associate, and is planning to start either a master's degree or a Ph.D in Bio within a year or 2. Her current loan payments are around $1100/month. I don't think she qualifies for IBR (income-based repayment) for the federal loans because most of the debt is in state loans. Is there a way she can lower her monthly payments (even if that means extending the life of the loans or paying more total)? I've google'd a lot, but there's a ton of info out there, and not much specific to state loans. Reducing the total debt would be great, but an IBR-type program would be awesome as well, as her current income is between $30-35k/year. Thanks for any help

Best to contact your student loan on whether there would be another program for her or she can lower her payment but extend on the years to pay...it will be a wise move but the main problem would be having another loan in the future...just make sure she can pay afterwards and there would be no problem at all