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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