Advice For Someone Trying to Pay Off Student Loans

Paying Off Student Loans....a Nightmare!

This question was submitted by member SexyAndy in our Ask Savvy group.

I am very concerned about starting to pay off my student loans (graduated May 08). It's not a federal loan, it's a private one. It can be seen as four loans since I took one for each school year...I owe an obscene amount of money now and cannot afford to make the minimum payments, which is about $1,200. So far what I've done is applied for a forbearance every three months and postponed payments, but I can't keep accumulating my debt. Please help!

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