IBR at your level of salary should still be paying off principle. Also, I think the term is 25 years, not 20.
Your incentive to paying off the loans is that you don't want to live with them over your head for the next 25 years. If you'd like to keep them and pay the minimum, I guess that's your prerogative. However, the government is NOT making money off of you. They won't until the point where your payments have recouped the principle and you're continuing the pay interest. They're still out 160k. The fact that you owe 190k doesn't mean they've made money. Since you're aiming to pay the minimum they won't ever make money off you, they'll likely lose it, so stop with the violin act.
I too would rather pay 900 in principle than 900 in rent. However at your salary level you may have a hard time getting a loan for what you want with nearly 200k in student loans + whatever other short term debt you may have.
Your incentive to paying off the loans is that you don't want to live with them over your head for the next 25 years. If you'd like to keep them and pay the minimum, I guess that's your prerogative. However, the government is NOT making money off of you. They won't until the point where your payments have recouped the principle and you're continuing the pay interest. They're still out 160k. The fact that you owe 190k doesn't mean they've made money. Since you're aiming to pay the minimum they won't ever make money off you, they'll likely lose it, so stop with the violin act.
I too would rather pay 900 in principle than 900 in rent. However at your salary level you may have a hard time getting a loan for what you want with nearly 200k in student loans + whatever other short term debt you may have.
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