My wife and I have paid off all our debt with the exception of our mortgage and my student loans. The two student loans I currently have are:
1. Subsidized Consolidated Loan (Direct) through Navient - $51,000 - 6% interest once COVID emergency relief is over 01/31/22
2. Unsubsidized Consolidated Loan (Direct) through Navient - $44,000 - 6% interest once COVID emergency relief is over 01/31/22
I do have a few thousand to put towards the loans before the COVID relief is over and I do plan on paying $1,000 to $1,500 a month once relief is over. I am wondering if it would make sense to try and refinance these loans at this time? Thanks!
Do you know if you happen to qualify for the Public Service Loan Forgiveness? Have you worked for a government agency or not-for-profit or tax exempt agency? If so, check with MyFedLoans first to see if you may qualify for the program.
Thanks. I don't work for a year or two as a contractual employee for the state but I don't believe that counts. My wife is a school teacher, but again, I don't believe that would help me.
You're correct, contractual employees don't qualify. However, if your wife has separate loans she may qualify.