This post ended up being added by Andy Josuweit, creator of education loan Hero and an Earnest client.
We had 16 figuratively speaking once I graduated from university, totaling $74,000 across four various loan servicers. It absolutely was in pretty bad shape. Remaining along with my financial obligation had been far more confusing and hard it would be — or should be than I thought.
However, I made my most readily useful efforts to steadfastly keep up with my student education loans. A spreadsheet was used by me that detailed all my education loan records (approximately We thought), along side details like balances and rates of interest. We checked my credit ratings month-to-month and evaluated my yearly credit history. As soon as i possibly couldn’t pay for my re re payments, we switched to a repayment plan that is income-driven.
Despite having this diligence, nevertheless, we still wound up defaulting on two figuratively speaking.