Huge Student Loan Debt but no revolving or baddies

[navistar]

I plan to have all my revolving debt paid off which should give my credit score a huge jump (currently above 50% util). The problem is, in 1 year my student loans ($48,000) will come out of deferrment. I currently make $50,000 annual salary. If these numbers remain the same, will anyone give me a loan with decent rates?

[lesse]

I went on a IBR plan (sallie mae & federal loans) i have a HUGE amount of student loans as well. The income based repayment plan will be taken into consideration when qualifying for a mortgage. I can tell you i have a few ccs, car loan and student loans and It was not a problem at all. If you dont want to go on a payment plan then whatever your monthly payment is will be taken into consideration and you DTI will probably be kind of high. The IBR payment plan is 12 months at a time and i planned it so that so right around the app time for mortgage i had just started or will start the plan for 12 months. Hope this helps

[navistar]

is this ibr plan through sallie mae? all my loans are with them

[Muschock]

Income based repayment is great! I have 47k of student loan debt. My IBR repayment is 0$ a month (I have 5 kids though). It will be based each yr on your previous yr tax return. Mine are all with Sallie Mae but I think all student loan servicers offer it.

[lesse]

Yes - my loans are with sallie Mae