Unfortuantely, the resources for borrowers with private loans are quite limited. However, many employers offer student loan repayment assistance as a tool to recruit nurses. You may be able to find some assistance by going that route.

Hi Diane,

I have a couple of suggestions for federal loan borrowers in your situation.

First, it sounds like student loan forgiveness might be the best option in your circumstances. If so, I’d ask for a refund on the payments you made during Covid (yes, you can still get a refund on these extra payments). I’d put that money in a savings account where it can earn interest while you figure out a plan. You can always pay the money back to the government once they start charging interest on the loans.

Second, I’d encourage you to check out this post on living on social security with student loans. You may be able to make $0 per month payments in retirement until your debt is eventually forgiven.

Hopefully, some of these options will help your individual circumstances.