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What should I do with my loans, plan to go back to university?

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What should I do with my loans, plan to go back to university?

What should I do with my loans? 

 

23 yr old, I plan to go back in >2 years. Currently have thad them in Forbearance before covid.

 

Current Balance: $7,839.26 Outstanding Principal: $7,784.58 Accrued Interest: $54.68

DEPT OF EDUCATION/NELN 

Exceptional payment history 

$753 Balance 

updated Jun 30, 2022 

Account status Open

Monthly payment $0 

Terms 120 Months

 

DEPT OF EDUCATION/NELN 

Exceptional payment history 

$1,809 Balance 

updated Jun 30, 2022 

Original amount $1,619 

Monthly payment $0 

Terms 120 Months

 

DEPT OF EDUCATION/NELN 

Exceptional payment history

$1,757 Balance 

updated Jun 30, 2022 

opened Aug 18, 2016 

Account status Open 

Monthly payment $0

Terms 120 Months 

 

DEPT OF EDUCATION/NELN 

Exceptional payment history 

$3,518 Balance

updated Jun 30, 2022 

Original creditor - Company sold

Account status Open Status

Monthly payment $0 

Terms 120 Months

Starting Score:610
Current Score: 610
Goal Score: 700's


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3 REPLIES 3
pizzadude
Credit Mentor

Re: What should I do with my loans, plan to go back to university?

First, what are the interest rates on all of your loans ?  

 

I woudn't do anything in the short term as there are potential changes looming for loan forgiveness / extension of payment pause, etc...  

 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 4

Re: What should I do with my loans, plan to go back to university?

Interest is 3.760% & 4.450%

Starting Score:610
Current Score: 610
Goal Score: 700's


Take the myFICO Fitness Challenge
Message 3 of 4
pizzadude
Credit Mentor

Re: What should I do with my loans, plan to go back to university?


@Minorincrediting wrote:

Interest is 3.760% & 4.450%


Those rates are pretty good so for now I woudn't do anything, especially considering that rates are only going up this year. 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 4 of 4
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