I, too, have a TON of student loan debt to pay off. The suggestion that I have is something that you may have already done and that is to consolidate the student loans. You can choose how long to spread the payments out over – up to 30 years. There is no penalty if you pay it off early, but it lowers your monthly payment now. When I consolidated I got a slightly lower interest rate (which goes down another 1% after a year of making payments on time) and my monthly payment is about 1/2 of what I was paying prior to consolidation. I continue to pay more than my minimum on this bill so that I won’t be paying for the next 30 years and will continue to add more to this payment as I eliminate my other debt. Good luck and I hope I was able to help!
f they are government student loans, you can consolidate them and get a lower interest rate. Best to do it before the rates adjust once a year. You can only consolidate once, so do it when you are getting the best rate.
You also should consolidate yours on your own. Your husband’s on his own. Do not put them all together.
Private student loans do not always “work with you” to consolidate.
I would absolutely get rid of your credit cards since you owe so much on them, then you won’t be tempted to use them. I would also suggest that you pick your lowest bill, whatever that may be and pay it off as soon as you can by making extra payments on it and the minimum on all the others. It’s very motivating to pay off something, even if it’s not a huge amount. Then go to the next lowest one and apply the payment from the bill you just paid off to the next bill, in addition to any extra. It’s hard enough as it is trying to pay off debt, but at least when you can pay off the lower ones, it gives a sense of satisfaction. Speaking from experience here…