Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Does anyone have any suggestions for paying off HUGE student loans? My BF has over $70k in student loans, a 450/mo car payment, $1k in CC, and his rent is $200/mo. Recently, he "paused" his student loans for several months to pay down $4-5K in credit card debt - which I guess isn't bad. Trouble is, he is on the 30-year repayment plan, at $500/mo. He is an attorney, we live in a small town, and his income will likely not be large (now about $40k). Has anyone had any success with convincing a significant other that "a little more a month will cut your repayment years in half)"? He doesn't want to talk about it, as if it will quietly go away.

By the way, I've been on the Debt Elimination bandwagon for a couple years now, and proudly have no debt (except $5k remaining on my house).

Kari
Print the post  

Announcements

Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.