Reader Questions

I Am a Doctor in Private Practice With a Lot of Student Loan Debt. – Grace

I am a doctor who has a solo practice. I was married right out of one year after i was practicing blended situation. Now we are having marrital problem. I had been paying interest only for 12 years times 376.41 equal 54203.04 I have already paied my loan once I now have a balance of 39,400.00 at interest rate of 8 percent. I am now paying 700.00 with 498. going to the principle and the rest to the interest. I called the www.mygreatllake.gov and they state we can not negotiate the loan.

I would like to know if i could pay a lump sum 19000 dallor to clear this debt?
Or can I do some medical clinic work once a month to help pay of this loan ? I own the practice and can not work in a government job at this time.

Grace




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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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