<prompt> Human: Back when I was starting college, I didnt pay attention to financial details. I was convinced I would get a great career out of college, so I didnt really care what debt I would accrue. Consequently, my mother - an accountant - set up everything.Little did I realize that my mother thought it was a great idea to get a private loan that has a short payback period so you can avoid all that interest. This has resulted in my total private and government loan payments equating to approximately 800 a month - so high that I was forced to move back in with my parents after living with some friends for 8 months, because car insurance and groceries tip me over 1000month.Ill soon have a job that pays 30,000 a year, but once rent and other necessities become a factor again, the payments will be crippling, and make it almost impossible to move out of my parents house and start planning for my future.As far as I can tell, the best option is to refinance the loans, cut the payments in half, and simply accrue higher interest until a few years from now when I secure a higher salary and can start making substantially higher payments so I dont end up paying too much interest in the long term.Is there anything wrong with this plan?Edit: Thank you to everyone for your feedback and advice. Youve given me a lot to think about.  <response>: Live rent free at the parents and just pay it. Also consider a second job to pay it down even faster. Trust me it will be worth it! 