<prompt> Human: I graduated this past May with about 43,000 in debt. Most of them are federal loans, but I also have a 3500 loan from Sallie Mae which I would like to pay off first because it has the highest interest rate. My loan payments come to about 500 a month. Right now this is within my budget to pay, but I am currently living at my grandparents house rent free and I am not sure how long that arrangement will continue. My other consideration is that I will probably be freelancing for the next several years. Right now I have a good paying job 18hour but my contract only lasts as long as the shop has work. For reference I work in theater building costumes I am reasonably sure that I will be able to find steady work in the future but I also want to have a back up plan in they dont. I also have about 750 in credit card debt that I was expecting my parents to pay off but now they cant. I have about 2000 saved up at the moment so I wanted to pay it off in one go so I dont have to worry about it. Is this a good idea?  <response>: Dont defer. Just pony up and keep working hard at whatever you can. Dont waste deferrals now, save them just in case all hell breaks loose. Ask your grandparents what their plan is for your length of stay, have an honest conversation with them. 