Hi Andy. I have just over $31,000 in student loans. I'm severely underpaid making around $30,000 annually. I've been making $500 payments monthly for a while, and my debt is slowly going down, but I'd like to see it go down quicker.
Other than finding a job that pays more, what strategies can you recommend I use to reduce my debt? The interest is the same on each of my loans. Does it make sense to pay off the smaller of the loans first?
charkue64 karma
Hi Andy. I have just over $31,000 in student loans. I'm severely underpaid making around $30,000 annually. I've been making $500 payments monthly for a while, and my debt is slowly going down, but I'd like to see it go down quicker.
Other than finding a job that pays more, what strategies can you recommend I use to reduce my debt? The interest is the same on each of my loans. Does it make sense to pay off the smaller of the loans first?
Thanks.
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