Student Loans Are Killing Me!

RONIN · #1 (**permalink**) 02-28-2010, 04:46 PM

Hi there I am a recent grad and unfortunately I have a tremendous amount of debt! Everytime I get a pay check all of it goes to student loans! Is there anything I can do?? Lowering the monthly amount only increases how much I owe in the end....I just can't take this any more!! They say go get an education and life will be easier, but it's been far from true....

Any ideas or help...Thank you in advance!

Also, I make too much to get any tax relief from the interest I pay on them...any thoughts on that as well? Thank you!

sapphirecapital · #2 (**permalink**) 02-28-2010, 07:53 PM

hm, you got the usual wakeup call; how much do you owe and which interest and how much is your income, there are structures which can be employed in regards of taxes, extending the frame for repayment will soften the pressure and since you are just out of school and young that may just stabilize you, even if the prize is some interest, may be worth it. On the other hand, you got the loans, knew what to expect, didn't you

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