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- Apr 8, 2018
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Hey all,
Now in last year of residency, starting to look for jobs. Most programs I have looked at offer at least 50K loan repayment. I have 34K in loans currently, but my monthly payments are around $380. I am currently on a 10 year graduated term, and was looking into my options. I think I will either need to switch to a longer term (25) to decrease my payments to ~185 but another thought I had was to just enter into forebearance, stop paying, let the interest accrue but then have it paid off by my future employer regardless. Are there obvious downsides to this I am missing?
Now in last year of residency, starting to look for jobs. Most programs I have looked at offer at least 50K loan repayment. I have 34K in loans currently, but my monthly payments are around $380. I am currently on a 10 year graduated term, and was looking into my options. I think I will either need to switch to a longer term (25) to decrease my payments to ~185 but another thought I had was to just enter into forebearance, stop paying, let the interest accrue but then have it paid off by my future employer regardless. Are there obvious downsides to this I am missing?