The Future
My student loan debts are gone. I make extra payments on my car so that should be paid off a lot sooner than the loan. But, now we get to my husband's debt. When we were young and dumb, young, we didn't think to much of how student loans were going to affect our future. We knew we needed loans to go to college and some to live off of. We made the mistake of my husband not working AT ALL and taking out the max amount of loans so he could focus on school. HUGE MISTAKE!!! Now we're at a point where we can't even make the minimum student loan payment on his loans. He did an income based repayment plan a couple years ago (we weren't married yet so didn't have to include my income). After twelve months of the IBR plan, he OWED more than when he started out one year earlier. So we're at a loss. We learned with my loans, the only way to make a decent dent is to make higher payments than the minimum. That is impossible if you're barely paying the bills. We s...