Hi Heather,
I am looking for some advice on how to use my $50k inheritance to pay off some of my student debt. I have about $120k debt from both grad school and undergrad. I am two years out of grad school and currently making about $40k. For the $75k loans in my name, I only pay Income Based Repayment of $24.25 and I also pay towards the $40k Parent Plus loans with $275 per month. I recently received a $50k gift from a relative who passed away and I am trying to figure out what is the best way to use (most of) the money to pay off some debt. Do you think that I should pay towards my side of the loans (75k) or a blanket payment of each? Also, is it smarted to pay off one of the small loans completely that makes up the 75k/40k or do an overall payment on each ‘side’ of the debt. I hope these questions make sense!

Any advice would be appreciated! thank you!