My interest is going to add $1000+ a month to my balance, do I leave SAVE?
I have about $33k in federal debt through Aidvantage. The interest rates for the years I got those loans range from 3-5%. Doesn't this mean I'll accrue over $1000 in interest every month? Am I wrong?
I don't make a lot of money, and I already pay $600 a month to my private loans. I can't afford to even consider paying the interest off every month.
I don't work a job that qualifies for PSLF. I see some people here saying to stick it out on SAVE, but if my balance is going to go crazy while I wait for the government to some day maybe eventually do something good, is that really the best idea??
I've tried to read other posts to see what might apply to me, but everything is so vague and there are so many variables that I feel lost.
Posted Jul 17, 2025, 8:47 AM UTC