- Joined
- Jul 2, 2017
- Messages
- 41
- Reaction score
- 10
Hi all,
I need some input to make sure I'm making the right decision. Currently, I have run into the joy of having some medical bills and would like to pay them off before they go into collections. I am trying to focus on being a pre-med (volunteer and study MCAT) but worrying about bills and how they have taken over most of my paycheck, about 75 to 80% of every paycheck. So I have spent the last 10 months working three jobs, only to feel frustrated with little progress paying my financial obligations. I do have a budget, but interests have been racking up on my student loans and looking at my bills, it seems I've only been paying the interest and barely the minimum.
I'm thinking it would be okay to push through to forbearance in an effort to avoid some bills going into collections and should I or stick to my income-based repayment plan? Currently, I make $3k more than the FAP minimum requirement. It frustrates me but that's life.
Thoughts?
I need some input to make sure I'm making the right decision. Currently, I have run into the joy of having some medical bills and would like to pay them off before they go into collections. I am trying to focus on being a pre-med (volunteer and study MCAT) but worrying about bills and how they have taken over most of my paycheck, about 75 to 80% of every paycheck. So I have spent the last 10 months working three jobs, only to feel frustrated with little progress paying my financial obligations. I do have a budget, but interests have been racking up on my student loans and looking at my bills, it seems I've only been paying the interest and barely the minimum.
I'm thinking it would be okay to push through to forbearance in an effort to avoid some bills going into collections and should I or stick to my income-based repayment plan? Currently, I make $3k more than the FAP minimum requirement. It frustrates me but that's life.
Thoughts?