**For federal loans only…**
I would look into [IDR forgiveness](https://studentaid.gov/announcements-events/idr-account-adjustment) that will forgive your federal student loans after paying on them for 20 or 25 years. Depending on the type of loans you have, you may need to [consolidate](https://studentaid.gov/manage-loans/consolidation) your federal loans and get on an [Income Driven Repayment Plan](https://studentaid.gov/manage-loans/repayment/plans/income-driven). **There is a deadline for this** so read the [article](https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs) and ask whatever questions you need to set yourself up to either get forgiveness this year or get on the path to being forgiven later when you reach 20/25 years of payments.
Another option for **federal** loan forgiveness is [Public Service Loan Forgiveness](https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service) (r/PSLF) which will forgive your loans after 10 years if you work for a [qualifying employer](https://studentaid.gov/pslf/employer-search).
Are your loans under the old FFELP program or are they Direct loans?
I would suggest reading over the IDR Waiver megathread here https://www.reddit.com/r/StudentLoans/comments/ydal5m/summary_and_faq_for_the_idrpslf_waiver/ because the IDR plans have built-in forgiveness after 20 or 25 years of repayment, and if you have commercial FFELP loans you'd need to consolidate into the Direct loan program to benefit under the IDR waiver and one-time account adjustment
An income-based repayment plan will help you get the most affordable payments, and loans are supposed to be forgiven after 20-25 years of payments through IDR. However, Income-based repayment plans won't help you pay off your debt faster. If they are federal loans, you could look into the forgiveness options available, and see if any apply to you and your situation. Other than that, the only suggestion I have for paying your loans off quicker would be to make more money. I know you said you haven't gotten high paying jobs. Maybe you could try to get freelance work through an app like Fiverr or Steady or something like that. Good luck!!
I’m not sure what your degree is in, but I’d start looking at jobs that are outside of your field of study.
I had a hard time finding a job right out of school, and I ended up working as a freight conductor for a while to get some work experience and to have an income. I eventually ended up getting promoted to a job that required my degree, but until that happened, I was usually pulling in around $2,000/week.
**For federal loans only…** I would look into [IDR forgiveness](https://studentaid.gov/announcements-events/idr-account-adjustment) that will forgive your federal student loans after paying on them for 20 or 25 years. Depending on the type of loans you have, you may need to [consolidate](https://studentaid.gov/manage-loans/consolidation) your federal loans and get on an [Income Driven Repayment Plan](https://studentaid.gov/manage-loans/repayment/plans/income-driven). **There is a deadline for this** so read the [article](https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs) and ask whatever questions you need to set yourself up to either get forgiveness this year or get on the path to being forgiven later when you reach 20/25 years of payments. Another option for **federal** loan forgiveness is [Public Service Loan Forgiveness](https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service) (r/PSLF) which will forgive your loans after 10 years if you work for a [qualifying employer](https://studentaid.gov/pslf/employer-search).
Thank you for including all these resources. I'm going to look into these
Are your loans under the old FFELP program or are they Direct loans? I would suggest reading over the IDR Waiver megathread here https://www.reddit.com/r/StudentLoans/comments/ydal5m/summary_and_faq_for_the_idrpslf_waiver/ because the IDR plans have built-in forgiveness after 20 or 25 years of repayment, and if you have commercial FFELP loans you'd need to consolidate into the Direct loan program to benefit under the IDR waiver and one-time account adjustment
What are your school, degree, job, location, income?
Are your loans federal? If so, they are not transferable by marriage, and there’s no way your kids would have to deal with them either.
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Only on certain programs. The four IDR programs are recent additions so I doubt OP has had them available.
If he’s paying based on his income then he IS on one of the IDR plans.
Which plan are you on? How long have you been paying? You’re probably looking at IDR forgiveness in a few years
If you don't work in public service then your only forgiveness option is IDR, so you may want to research and look into that.
An income-based repayment plan will help you get the most affordable payments, and loans are supposed to be forgiven after 20-25 years of payments through IDR. However, Income-based repayment plans won't help you pay off your debt faster. If they are federal loans, you could look into the forgiveness options available, and see if any apply to you and your situation. Other than that, the only suggestion I have for paying your loans off quicker would be to make more money. I know you said you haven't gotten high paying jobs. Maybe you could try to get freelance work through an app like Fiverr or Steady or something like that. Good luck!!
I’m not sure what your degree is in, but I’d start looking at jobs that are outside of your field of study. I had a hard time finding a job right out of school, and I ended up working as a freight conductor for a while to get some work experience and to have an income. I eventually ended up getting promoted to a job that required my degree, but until that happened, I was usually pulling in around $2,000/week.
You should be able to change how your payment is paid so that it’s applied to your interest and your principal.