This post ended up being added by Andy Josuweit, creator of education loan Hero as well as an Earnest client.
We had 16 student education loans whenever I graduated from university, totaling $74,000 across four various loan servicers. It had been in pretty bad shape. Remaining along with my debt had been far more confusing and hard it would be — or should be than I thought.
Nevertheless, we made my most readily useful efforts to steadfastly keep up with my student education loans. We utilized a spreadsheet that detailed all my education loan reports (roughly I was thinking), along side details like balances and interest levels. We examined my credit ratings reviewed and monthly my annual credit history. So when i possibly couldn’t pay for my re payments, I switched to a repayment plan that is income-driven.
Despite having this diligence, but, we nevertheless wound up defaulting on two student education loans.