Our first "bills" came today. Of course, at the top of the page they specifically say "THIS IS NOT A BILL" ...it's just a "here's what you will get in 20 days so don't be shocked!" letter.
After reading through each of the pages, I am grateful Svend and I had already had the "payment" talk. 1. We will be consolidating...whatever that is! Of course I know WHAT it is...but not HOW to do it...yet!
2. We will apply for forebearance. This is GREAT! It means that our repayment is based off our income...so...should be ZERO for residency years! Income based repayment is also zero... so we should be good. However...there is that ONE loan...the one we HAD to take out (relocation loan) that I don't think is able to consolidate or be applied as income base repayment... PLEASE FILL me in if you know otherwise!!!.
I'm grateful the the option to pay back based on our income. I didn't think their payment plans would be too outrageous. However, my jaw DROPPED when I saw that for just the 3 bills that came today, they wanted nearly 2/3 our of paycheck each month. Holy CRAP! Glad we are opting out of THAT payment plan!
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