how are you repaying your student loans?

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Specializes in L&D, med/surg, ER.

Hello everyone,

Wondering how you are paying back your student loans (OSAP not bank)? I'm (hopefully) going back to school and I know I'm going to need to borough again but I want to find out how past students are paying back their loans.

Are there any government repayment programs or loan forgiveness program or are there ways to renegotiate your monthly interest?

thanks

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I think there may be some new loan forgiveness programs out there, particularly related to people practicing in under served areas. I would check out the national student loan centre website.

As for me, I just paid mine off. $300 a month for seven years, three months.

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Specializes in Acute Care, Rehab, Palliative.

I have a job and I use part of the money I get paid to make loan payments.

Isn't that how most people pay off a loan?

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I used my lump sum retro cheque when I passed the CPNRE from my employer. I dumped my tax refunds on it.

I made the repayment of those loans my priority.

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I am going to attempt the long forgiveness and head on up to northern BC

Anyone have a jacket I can borrow? Haha

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I worked close to full time, lived below/within my means, and directed half of my paychecks towards students loans and any tax refunds towards it and was able to pay off loans with in 2 years

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I work full time and worked part time up until now. After I graduated I made a deal with my mom that if she allowed me to move back home and not pay rent I would contribute that amount (plus all my added OT time) towards Loan payments. It works well! I have a few more payments left and I've almost got it paid down in 2.5 years. I still had money to go to Mexico too and upgrade my car :) so you can do it. Fortunately i didn't mind moving home to save on cash but I still spend sometimes. Make the loan payments your priority.

Sent from my iPhone using allnurses.com

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Specializes in L&D, med/surg, ER.
I work full time and worked part time up until now. After I graduated I made a deal with my mom that if she allowed me to move back home and not pay rent I would contribute that amount (plus all my added OT time) towards Loan payments. It works well! I have a few more payments left and I've almost got it paid down in 2.5 years. I still had money to go to Mexico too and upgrade my car :) so you can do it. Fortunately i didn't mind moving home to save on cash but I still spend sometimes. Make the loan payments your priority.

Sent from my iPhone using allnurses.com

Yeah I'm just realizing that things can't be how they used to be. I need to live below my means (even more than I'm doing now) ... I owe quite a bit being in post secondary for over ten yrs after graduating.

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Specializes in L&D, med/surg, ER.
I am going to attempt the long forgiveness and head on up to northern BC

Anyone have a jacket I can borrow? Haha

That's a very good idea. I might consider that too one day.... Good luck tho.

Keep us updated???

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Specializes in L&D, med/surg, ER.
I have a job and I use part of the money I get paid to make loan payments.

Isn't that how most people pay off a loan?

I asked the question because I was looking for suggestions. Ppl come on here to provide support not be insulted. And YES I have a job thank you very much. And NO there are other ways (including using your paychecks) to make payments. If you can't be supportive dont answer posts.

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Specializes in Acute Care, Rehab, Palliative.

Ok I just thought that using your pay as an obvious route.Sorry

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Tuition tax credits help a lot.

I know someone who paid down 55k in student loans on a new grad salary in a year. It can be done.

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