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Howdy! I have some questions about the current state of my student loans. I paid my undergraduate loans off in 2016. I went back to school for a master's degree in a new field from 2017-2018. I've been in school for a doctorate in the same field (with an associated income increase in the future) since August 2021. Here's where I'm wondering what to do.
I have an assortment of unconsolidated federal loans in the 5-7ish% range, many of which I paid on while working between these degrees. They've been on-pause since 2020 and the COVID pandemic. I've taken more loans for my doctorate degree (standard in my field). The issue is, none of these loans are consolidated. None are subsidized. I graduate in June 2024. I've been working part-time while in my doctoral program, and my loans have been on the education forebearance since I started school. I didn't make this switch--great lakes did. I was recently switched over to Nelnet as my servicer. When I'm done with my degree, my loan total will be approximately 2x what my starting salary is and I live in a high COLA, moving is out of the question because my salary will drop precipitously with a move.
I plan to continue working for my PSLF eligible employers as I've done since 2018 when I received my master's degree. What is the best option for me here to get rid of these things as quickly as possible through the PSLF route?
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- 1 year ago
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