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re: Coming out of graduate school with $100,000+ loans, what's my next step?

Posted on 5/23/15 at 10:15 pm to
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32888 posts
Posted on 5/23/15 at 10:15 pm to
I would think something like pharmacy would be worth it, too. Finish when you're 24, make 110k+, if you're frugal you can pay off your debt in 5 years or so. 29 years old making probably 120k by then with no debt would be a pretty good deal.
Posted by lynxcat
Member since Jan 2008
24229 posts
Posted on 5/23/15 at 11:28 pm to
OP is in a great position. Between a PT and RN they. Be making about 130k and will have no housing expenses.

130k means they will net around 80k and can easily live on 30k annually and put 50k a year towards debt.

Seems like a lot in the short term but totally reasonable and manageable over the long term. Should be debt free in the next five years if no kids.
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