Student Loan Payoff Question

You could consolidate those loans into one payment and take advantage of the numerous payback options available. Including, extended years and income based repayment.

If I were you, I would suck it up and deal with the shitty payments for a few more years.

Just play around with it on the mortgage calculator linked above. Basically you have a $26XXX loan at 8.25% and the remainder at 6.55%.

That's a lot for PT school. St. Augustine? I swear someone at McNeese must get a kickback for sending people to the PT school in St. Augustine, because everyone seems to go there.

And on the rest, if I'm doing this right, $51k vs. $24k. I better start to love this little house

My wife and I graduated PT school from there. Had 92k. Didn't buy anything and dumped everything into them and had them done in 25 months. Bought a house a few years later. Just live below your means for awhile and get a chunk out of them. Traveling PT helps if possible. Just get them done quick.

That may be an option in the future but with the baby on the way, she works at a great hospital that gives her all the flexibility she has and will need. They just don't pay as much. Thanks for the advice, everyone. We will definitely be keeping the loans as is. Must be patient

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she works at a great hospital

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LCMH?

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Just out of curiosity, if she did look into traveling, what type of pay would she be looking at? We are in LC and she makes about $67k now.

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Well over 6 figures if she took four 13 week assignments in a year's time. Also depends on the market where you are traveling in. One of the big benefits of traveling is that through living stipends and food stipends you can be taxed on only about 60% of your weekly income give or take a little.

The stipends vary with market, when we were in San Diego and Monterrey California both my wife and I were being paid over 2k a month tax free for our living stipend which which broken into weekly payments. We also lowered our hourly rate by a good bit which went into like 50-60 something dollars per day each in tax free food stipends. We EACH got those living stipends monthly and found our own places to rent which were significantly cheaper than 2k/month. We pocketed/put the other 2,500-2,700/month into the loans in addition to another couple thousand.

The best advice I can give is for her to find a place that is absolutely desperate for the help and will pay overtime in addition to the traveling rate. There were plenty of weeks in San Diego doing home health where my wife and I were bringing in well over 4k combined after taxes.



I believe you are not eligible for the stipends if you are "traveling" within 50 miles of your home but don't quote me on that...it's been awhile. Usually in that case you still get a great rate (usually over 50/hr depending on market) but are taxed like a normal job...still obviously more than a regular job.