The debt is now five times what the original loan was.
What do I do?
What do I do; I am so upset right now.
Surprised by Debt
Dear Surprised,
This is an incredibly frustrating situation, and youre not alone.
Its also not unusual that you werent even aware you carried this debt.
I was in a similar situation after college, with loans in forbearance for years.
Contact your student loan servicer to negotiate a plan.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
Then you might apply forincome-driven repayment, which sets your monthly payment in line with your discretionary income.
Because you work in the public sector, also talk to your loan servicer aboutPublic Service Loan Forgiveness.
Stay in touch with your servicer to ensure your payments are being applied and youre making progress toward forgiveness.
Dana Miranda is a Certified Educator in Personal Finance, author, speaker and personal finance journalist.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
