Hi!
I have $165,072 in student debt. $8,529 is in federal loans and the rest is in private loans. The interest rates range from 2.35% (federal) to 10.25%. Right now I’m doing interest only payments because that’s all that I can afford( and the payment is over $1,000 a month ) but it doesn’t seem to be making a dent in my debt. I do pay on time every month but I’m literally going to be paying this until 2031. I make about $60k a year but I feel like I’m being held back because of my loans. Should I keep doing what I have been doing and keep paying the loans off for the next 20 years or should I look into consolidating? Any advice would be greatly appreciated!