brought to you by the every dollar app start budgeting for free today this question comes from

irene in texas she says hey yeah i like that she says this is probably a long shot in reaching out

since i'm sure everyone does but i'm pretty much drowning in debt as embarrassing as it is to say that

i'm handling my credit cards,

car, and private student loans using your methods as best as I can. But when it comes to federal

student loans, my anxiety kicks in, especially now that the payments will restart again.

And by the way, interest starts today. I have about 192,000, an astronomical amount in interest is part of that sum.

Ooh, in student loans. And I don't know where to get the correct info on how to pay it.

I feel like everyone has a different take and it's hard to know what move to make so that I don't

add any more to the debt. Any help on how to move forward with this is greatly appreciated.

I just can't afford 2K payments every month, which is probably what they will want me to pay.

All right, John, let's get comfortable right here because we're going to unpack this.

Number one, Irene, you're not alone. That's the first thing I want you to understand here is thank you for this question because you asking this is about to give solutions and answers for a lot of people. So thank you so much for that.

$192,000 in federal student loans plus other debt. Obviously, you guys know interest starts today with payments starting in October,

whenever your payment is due in October. And she's going to be one of those people. So there's

a lot of misinformation out there, and it can be confusing. Okay, Irene, so the first thing I want

you to do, and this for anybody listening, you need to find who's got your loan, okay? Because

most of the loan providers

that were out there before COVID, they've decided student loan business sucks. We're out. And so your

loan has been sold to somebody else. All right. So you need to find who that is, whether it's Moella,

whether it's Granite State or whatever that one is called great lakes all of these different ones it's no

longer sally may right there's all these other service providers so you need to answer your correspondence right

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