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A young lady I know had to take loans out for school..she has her Masters Degree and is working while trying to get a steady job in her field.
She told me her loans are due Nov. 15th all are at 5%( variable I believe)
Stafford Subsidized $30,535.00
Stafford Unsubsidized $13,362.11
Citiassist $24,425.00
Perkins $2,320.00 comes due Feb

This is over $70,000
The monthly payments are more than she can afford. She believes she can afford about $400/month
Q: should she approach each lender individually to extend terms and/or refinance at a lower rate.
Should she combine all with one lender?
The Perkins loan is about $40/month and has some special rules that she may not want to give up. So this posting has mainly to do with the other loans.
If you need more info I can get it.



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