I went to school out of state and got a Mechanical Engineering degree and finished with 153,000 dollars in student loan debt. I have no clue where to start. I currently live at home and I've been deferring payments so I can move out before school loans hit. The reason being if they see that I am netting almost 2000 after expenses a month they will take 90% of that. I have a car payment of 450 and I pay rent of about 400 to my folks. I don't want to live at home forever, and once the school loans start taking I'll never be able to move. Additionally, my folks will be moving soon so and they will be too far from my work so I will have to move eventually. I make less than 50k a year so I'm a little nervous as to what my future holds at the moment. I owe 450 a month to Navient, 225 to sallie mae, and 227 to great lakes. 902 a month would be crazy to try and pay and live on my own. What do I do? How do I manage this? Will they work with me if I make them? I know many people who live out on there own and you tell them what you have and basically they can't take what you don't have so they only take what you do have. I'm afraid to make a big step and move if they are going to cripple me immediately. I should be getting a raise soon, but I can't bet on that. The cost of living in atlanta is crazy. Around 950-1200 a month in my area. 950 being pretty sketch, and 1200 being semi nice. Where do I start? I've almost paid off all of my credit card debt. After that I will be power saving to move out. January is when the school loans will be after me. Shedding light on the current situation would be great.
maverick46092 karma
I went to school out of state and got a Mechanical Engineering degree and finished with 153,000 dollars in student loan debt. I have no clue where to start. I currently live at home and I've been deferring payments so I can move out before school loans hit. The reason being if they see that I am netting almost 2000 after expenses a month they will take 90% of that. I have a car payment of 450 and I pay rent of about 400 to my folks. I don't want to live at home forever, and once the school loans start taking I'll never be able to move. Additionally, my folks will be moving soon so and they will be too far from my work so I will have to move eventually. I make less than 50k a year so I'm a little nervous as to what my future holds at the moment. I owe 450 a month to Navient, 225 to sallie mae, and 227 to great lakes. 902 a month would be crazy to try and pay and live on my own. What do I do? How do I manage this? Will they work with me if I make them? I know many people who live out on there own and you tell them what you have and basically they can't take what you don't have so they only take what you do have. I'm afraid to make a big step and move if they are going to cripple me immediately. I should be getting a raise soon, but I can't bet on that. The cost of living in atlanta is crazy. Around 950-1200 a month in my area. 950 being pretty sketch, and 1200 being semi nice. Where do I start? I've almost paid off all of my credit card debt. After that I will be power saving to move out. January is when the school loans will be after me. Shedding light on the current situation would be great.
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