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re: Refinance Student Loans

Posted on 1/25/13 at 1:08 pm to
Posted by Pumpkins
Baton Rouge
Member since Oct 2010
11448 posts
Posted on 1/25/13 at 1:08 pm to
Why would anyone take out over 150k in loans? That is just insane.
Posted by Teddy Ruxpin
Member since Oct 2006
39646 posts
Posted on 1/25/13 at 1:15 pm to
quote:

Why would anyone take out over 150k in loans? That is just insane.



Its called a Top 50 law school and the illusion of grandeur.

Not to mention the market tanked as we were enrolling. It was somewhat justifiable when firm jobs were being handed out before you even started your 3L year.

The result, as of now, is a job that pays me 40K and rising more than what I would have made with my undergrad degree. However, there were 3 years I wasn't working of lost income. Tempered by loan repayments of course.
This post was edited on 1/25/13 at 1:17 pm
Posted by dewster
Chicago
Member since Aug 2006
25446 posts
Posted on 1/25/13 at 1:51 pm to
My wife will be close to $175,000 in the hole after her medical degree. Just talking about student loans triggers a headache. And yes, that's a normal amount for people in her line of work.

Even with what she's expected to make, that's going to be a very difficult payment.
This post was edited on 1/25/13 at 1:55 pm
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