Paying off $115,000 in student loans?

http://www.finaid.org/calculators/loanpayments.pht...

for purposes of discussion, your gross is 50K... that means your net (after taxes, etc) is $35,000.... this does not include health insurance

35,0000 / 12 = 2916.66666

I will round that up to $3,000 per month

let's say you have $3,000 per month to pay for health insurance & all of your living expenses plus your student loan

let's pretend your employer provides health insurance at no cost to you & that you are single so there is no one else to cover with your health insurance

if you can manage to budget rent, utilities, car payment, car insurance, car maintenance, gas for car, your phone, internet, food & every single other thing you need ... and keep that to $2,000 per month or less (believe me this will be very difficult to do if you have a car payment)

then you have $1,000 per month you can use towards student loans & that would take you 30 years

Loan Balance: $115,000.00

Adjusted Loan Balance: $115,000.00

Loan Interest Rate: 10.00%

Loan Fees: 0.00%

Loan Term: 30 years

Monthly Loan Payment: $1,009.21

Number of Payments: 360

Cumulative Payments: $363,309.51

Total Interest Paid: $248,309.51

do the math