|Student Loan Repayment
||[Dec. 31st, 2015|10:19 pm]
The Question Club
Knowing what I know now, I know it probably wasn't the smartest choice to take out what I did, but I can't change that now.|
I've done a lot of googling and I'm still kinda undecided on how to go about paying them off. I can't afford to just pay them off, but I can afford to pay a little extra every month. One small perk is that they are saving me when it comes time for taxes since I'm a single female with not much to write off except for the student loan interest(and thats probably not changing in the next year). And I may or may not qualify to have a small portion paid/written off if I get a job in my career field(teacher... if I can get a contract and keep it).
I have a total of 8 student loans... all connected already(basically I took out loans every semester to finish my undergrad and then 2 semesters of grad school). Some have added perks such as the last 6 payments will be erased as long as I continue to make my payments on time, while others don't and obviously I'm guessing I should get those out of the way first.
When I can send a little bit extra to the student loans, should I be working towards advancing the payment due date(even though I plan on making a full payment for the next month) or reducing the overall balance?
I'm already paying a little extra(about $50 a month) that is suppose to be going to the loans with the highest interest rates, but I think some months I can probably afford to send a little extra.
I get super lost when it comes to these things and I'm just looking for opinions or other's experiences, so I can decide what I'm going to do .