<prompt> Human: I know, I know. Im in a ridiculous amount of debt. I went to an Ivy League undergrad and an Ivy League law school, which are both super expensive and so I currently have about 220K in federal loans. Its a combo of Graduate PLUS, Stafford, Perkins loans with varying interests rates 6.8, 7.5, 6.8, 8.5, consolidated would be around 7.4. Fortunately, my starting salary is 150K. My montly expenses rent, food, cell phone, internet, etc. are around 1600 per month. After NYC taxes, Ill be taking home around 100K per year.So Im trying to figure out the best way to handle this. Ideally, I dont want to throw every penny I earn at my loans; I would like to have an emergency fund and some savings as well. So whats my best course of action? Should I consolidate my federal loans? Any negatives to consolidation? Should I do Income Based Repayment IBR the first 2 years? I was in school in 2012 and 2012 and made very little money during that time so my payments under IBR would be very low the first two years allowing me to save. I figure even if the required payments are low I could throw more money than required at the loans. Any other advice at all would be great.Thanks in advance.  <response>: So whats my best course of action?Make a budget and figure out how much extra money you have to put towards your savings or loans. Build up an emergency fund with 4-8 months of expenses before diverting the extra money to the loan that carries the highest interest rate.You could use unbury.me to see the effect of paying off your loans in the manner described above. You could run the same calculation on a consolidated loan at 7.4. 