Quote:
Originally Posted by DaFace
To clarify, you've got $250k in loans left at 7%? If so, I'd hammer away at those before you worry much about anything else. That's like a guaranteed 7% rate of return, which might not be matching the stock market this year, but in a typical year is pretty solid. Though you can never predict the stock market, it seems unlikely that this bull run can continue for long without the actual GDP increase to support it.
(And on a side note, I'm sure I'll envy you someday when those loans are gone, but yeesh...$300k in student loans is ridiculous. I had about $20k, and I thought that was a pain in the ass to get through. Good luck, man.)
|
Yeah, my class graduated with an average of 300k at 7 percent.
I set mine up on a 20 year repay to make sure I could always make the Mo they payment, which is still about 2900 bucks.
I’ve been throwing as much as I can at it, but you’ve also gotta pay a mortgage and health insurance and apparently, kids need to eat.
As I said though, the Missouri national guard is looking for dentist and if I sign up for a 6 year term, they’ll a lot 40k per year for up to 240k max for loan repayment. So doing 1 weekend per month and 2 weeks per year just doing some dentistry for them, paired with what I’m currently Paul g, I can be done with it in 3 years, 4 max. I’ll atill have 2 years of duty left but I can turn that over into a 50k 2 year bonus and throw that into a retirement plan plus I get paid for my service time there which as an officer would end up being about 13 grand per year.
But yeah I just wanna get these damn loans over with