I have approximately 93k in private loans (in addition to 64k in federal), all from grad school. I graduated 6 years ago and have been making monthly payments ever since, but my balance never, ever seems to go down. My payments just went up $200 this month because my interest rate is variable. I am gainfully employed, a mother, and a homeowner.
It would be great if the Department of Education would take private student loan debt into account for IBR. Also, reconsolidation at a low, fixed rate would be extremely helpful, as well as income-based repayment plans for private loan providers.
Comment on CFPB-2013-0004-0001
This is comment on Notice
Request for Information Regarding an Initiative to Promote Student Loan Affordability
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