So, for context, I went to a four-year straight out of high school. The first year I received a bunch of aid and scholarships, enough where I was able to take out the loans myself given my credit score was around 700. However, after the first year most of the aid went away and my mom took out Parent Plus loans for the remainder of my time at college.

The total amount of the loan is about 150k at 6.5% interest. I consolidated the loans into a single loan, which I don't even know at this point if that was a good idea but it was to gain eligibility for one of the payment plans. The only plan available with the consolidated PLUS loan is the ICR plan, which makes the monthly payment about $860. The problem is that the interest accrued every month is also about $860, so there is no way to even scrape away at the principle. It also says on MOHELA that the ~$800 payment is only going to be for about a year, before it switched to about $1700. I also have a loan in my own name, however, it's only about 20k and I am able to get an income driven payment plan.

I graduated in 2022, I now make about 63k annually, my mother makes about 80k. Between the mortgage and all of the other bills, we are able to make the $860 with some wiggle room, but I'm extremely worried about when the payment spikes to double that.

I am extremely worried about what the future is going to look like and how the interest is going to progress. I was wondering if anyone on here has a similar situation or any advice on how to move forwards. Any suggestions/advice are extremely appreciated.