What're the smartest ways I can handle my student loans?
May 22, 2015 4:31 PM Subscribe
I just got my MFA! Hooray! I just saw my student loans! Oh no! Here's the skinny: I owe about $117,000 with an average interest rate of 6.5%. But! I got a great job that pays about $85k, so we'll call it even on the risk/reward front. What're the best policies for paying back student loans? Are there tips and tricks? Things I should be doing now as opposed to later? What's the deal with refinancing? Is there such a thing as private financing (i.e., you agree to pay all my loans and then I pay you at like 3%?) for student loans? This whole field is kind of a mystery and while I intend to pay my loans in full, I want to make sure I'm being as smart about it as possible. Given my salary and average living cost, I can afford to put in about 40k a year.