I Feel Worried About Paying Off My Student Loans

So I found out my loan payments are interest only payments. The payments are only half the interest. If I keep going like this they'll never be paid off. So now I have to pay double what I'm already paying. 300/ month soon to be 600/month. I dont have enough money for this. Haven't found a stable job yet. College wasn't worth it. 60,000 total in loans.

This page is a permanent link to the reply below and its nested replies. See all post replies »

acpguy · C

They are a rip of. My wife found out the same thing as she went for her doctorate. It turned out much better to take out a second mortgage but not all people are lucky enough to be in that position.