Just completed my doctoral degree and I have student loan debt in excess of 200K. I work for a non-for-profit organization working with the underserved and I make very little money, for now. My loans are due to begin repayment in a few months and I do not know where to start as far as what options are available to me. I know of the programs but one of the major problems is I have multiple lenders. I consolidated my loans a few years ago, per the recommendations of my school, as interest rates were going up substantially. Some of my loans, the primar lender would not allocate to the consolidation company (3.5% interest rate); next, a few years later my primary lender stopped providing graduate student loans and I had to use another primary lender. Therefore I have 3 primary lenders and this is a major problem going forward.
What type of counselling or financial advisement is available for recent graduates with advanced degrees and excessive student loans? Where do I start and who can help me by providing me with my options going forward?
I Have an Advanced Degree. How Do I Deal With My Excessive Student Loans? - Zach by Steve Rhode
It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet
This reader question was submitted for site members to answer.
This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.
If you have a credit or debt question you’d like to ask just use the online form.