How do I lower my monthly payments?


I am currently in grad school. When I graduate, I expect to have about 45k of debt. I have heard that if you hire a lawyer, then you can get your monthly payment lowered. Is this possible


You can lower your monthly payment pretty easily with no lawyer. Just sign up for income-based repayment or another plan. Once you graduate and go into repayment, your loan servicer will probably reach out to you and have you complete an instructional session on repayment, and you’ll learn about your options at that point.

Also for what it’s worth you do not want your payment to be so low that you pay your loans for the rest of your life? I recommend doing the opposite – attack it with everything you have. Then you don’t have to worry about it being “soul crushing”. The longer you have it, the more interest it accrues.

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