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re: Student Loan Planning/Strategy

Posted on 12/24/14 at 8:14 pm to
Posted by Ric Flair
Charlotte
Member since Oct 2005
13756 posts
Posted on 12/24/14 at 8:14 pm to
Might not be the proper "money board" response, but I would pay the minimum for 10 years. If your income rises as expected, you will laugh at worrying about a 300 dollar obligation per month around years 6-10. Just don't do anything stupid like leasing a luxury car, and start the savings.
This post was edited on 12/24/14 at 8:17 pm
Posted by LSUShock
Kansas
Member since Jun 2014
5002 posts
Posted on 12/24/14 at 9:14 pm to
I'm about to be engaged and I'm absolutely petrified to look at my fiance's student loans. It's something we have brought up, but I haven't fully dove into it and seen what the situation is.

I will give her credit though, she took less classes this past summer and worked her arse off. Although she took loans out for the first 2.5 years of school, the last 4 semesters she should be able to pay in full without loans.
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