rarah

I see that this post was almost two years ago - how has it worked out for you, working in the Cath Lab as a new grad?

I graduated in May 2013 with $39,000 in student loans. My loans were all separate, some subsidized, some unsubsidized, and the highest interest rate I have it 6.8% on 12 separate loans. I pay $500 per paycheck and still make my monthly minimum payment of $375 in addition to that. I'm already down to $33,000 in less than a year and I plan on paying them off as fast as possible. I calculated that if I do the standard repayment at that interest rate I will spend $22,000 in interest. If I pay off $13,000 per year for 3 years I will only pay $9,000 in interest. So that's the way I'm doing it so I don't have a payment for the next 10 years. One way I pay it off faster is to specify what each $500 payment goes to. If I make it go to just one loan that goes mostly to the principal. When I make the monthly payment of $375 it's spread between all the loans and most of that goes to interest when you go in and let the site break it down for you. All of mine are through my fed loan so if anyone else is using that site I would suggest specifying where your payments are going.