I have 200k in debt. I haven’t started making payments yet. I’ll be making 75k a year pretty soon. Unlike you I won’t be living with family so my plan is to sign up for PAYE, pay around 5-600 a month (sadly not enough to keep up with the interest), and either ride it out until it’s forgiven in 25 years or make the jump to a cushy gov $100K+ and go PSLF if possible

I haven’t been able to figure out how important the loan amount is for credit score or getting future loans. I know banks will look at your Debt to income ratio but my understanding is that that ratio looks more to monthly payments not total amount of debt.

I think so long as quality of life isn’t too impacted, credit score stays the same (from consistent payments), and the loan is eventually forgiven. Your classmates plan could be okay?

Like I said idk fully how the loan will impact credit score or future loans. I’ve heard differing answers. Either way, pros and cons to everything