We made the mistake of cosigning multiple student loans for our twins over the years. They never graduated but have still accumulated about $100,000 of debt each. I have painfully been paying over $1000 a month just in interest to satisfy the loans until they completed school. The payback period begins in 1 month & so far the notices we've received are over $1200 a month per student. We are panicked to say the least. There are both federal & private loans & every different type imaginable. The Art Institute had a way of keeping the year round schooling & funding so seemingly random & confusing that we became totally lost & just assumed it would all work out as they said.
The twins will try to make payments, but don't have the incomes to pay much on the debt & we certainly can't pay $2400 a month. We are close to retirement age, but are working lots of overtime just to cover these bills.
Wondering if any of the pay per income options could work for the twins or is it based on our income as well? We are really lost on where to start & the differences will all the loans.
Any advice is greatly appreciated.

