Yeah I think the monthly payment on my loan is 800 a month. I make maybe 1500 a month. I think the easiest (probably not the best) way to do this is to enroll in online school or community college. This is what I am about to do with UVSC. As like as you are a half time student your loan can be deferred. Unfortunatly with this the interest rate is still working on the total owed number.