So I had a come to Jesus moment when my tax returns never got to me. They went straight to my student loans. Then the icing on the cake was when I wanted to apply for a mortgage. Things really started to add up.
That’s when I knew I had to get my crap together. All in all I had $24,000 in student loans to payoff.
First things first, I had to make a phone call to see what I could do. I called this number, 800-557-7394. I told them I wanted to start paying back my loans. They asked me if I could just repay all of it, I said heck no. They then asked if I could afford $700 a month payments. I didn’t respond. He told me he was sorry but that he had to go through all this. I said no worries. He then told me that he would email me a income repayment application. Once I filled it out, they would send me a monthly number to pay back.
I did it, it took them about a month to get back to me. The number they sent back off of my income and expenses, was $128 a month.
They told me I had to pay it for 9 months, and then they would take my loans out of forebearance.
9 months later, they did. And now I work with Great Lakes, and pay them $128 a month. They want to raise it, but I am trying to payoff other debts before they do that.
I am hoping to kill all $24,000 within the next year.
Wish me luck!