What to do if you begin to feel overwhelmed by the amount of student loans you’re taking on? When to consider transferring to a cheaper school?

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Posted by Sydney Allen (MONEY FORUMS: 4, Answers: 1)
Asked on April 19, 2016 9:05 pm
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gather you debt balance and interest rate information and check out the calculator under the “student loans” tab (or on the government web site), and check out what your monthly payments would be at this point (with no more added debt). If that amount already looks unmanageable (more than 10% of your income), you have 2 options: transfer someplace cheaper and minimize additional debt, OR, assume you will apply for and qualify for an income based repayment plan (available on federal loans only, no likely on private loans).

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: April 27, 2016 9:38 am
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