What would you do with 250k debt?
Hello,
Currently on SAVE Forbearance 0% interest with 250k grad student loan debt. Just started working at a non-profit that qualifies for PSLF but due to forbearance no payments count towards forgiveness. Right now I have my money sitting in a HYSA. I have to be at this job for a minimum of two years. I am torn between paying off my loans aggressively vs going for PSLF 10 year or IDR 25 year forgiveness. I ask because I am unsure if I’d want to stay at a non profit for more than a couple years and the private sector appeals to me more. Right now I am planning on making a large lump sum payment towards the loan (highest % one around 7%) before save forbearance ends but am unsure if this is the smartest financial move long term. I understand I could get out of the forbearance to get my payments to start counting but since I am torn I find the 0% interest right now appealing if I were to go the aggressive route. Any advice is appreciated.
Current income annual pretax 150k. Just started working out of school late last year and haven’t made a single payment towards my loans yet.
Edit: my commitment for 2 years at a non profit is due to being awarded the NHSC in school which basically paid 50% of my school.