I’m 130k in Private Student Debt and I pay over 2k a month and I’m drowning while being 25
I’m not sure what to do or where to start.
I currently repay my PNC student loans through AES. I have seven separate loans from different semesters, all with different interest rates and repayment timelines.
Although I’m on track to pay off the largest loan by 2029, I’ll still be paying about $1,400 per month on the remaining loans until 2034. After that, my payments would drop to around $400 per month until the loans are fully repaid. Even with that plan, I still feel financially overwhelmed.
I earn $70,000 per year before taxes and pay $1,200 per month in rent. My biggest concern is how I’m supposed to save for my future when most of my remaining income goes toward gas, food, utilities, and other basic living expenses.
I feel stuck. I can’t move back in with family, and while I do have a roommate, I’m still handling everything financially on my own.
Any ideas? My credit score can let me refinance but I realize I’ll be paying a little more in the long run when I could be paying $400 a month by 2034 which is more than ideal (I could be actually saving by then)