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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 11:28 pm to Epic Cajun
Posted on 5/23/15 at 11:28 pm to Epic Cajun
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.
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.
2
Posted on 5/23/15 at 11:35 pm to lynxcat
Thanks lynx. We definitely are going to use it to our best advantage and consider it an adventure along the way.
Posted on 5/24/15 at 11:32 am to lynxcat
at people saying their debt will be tough to pay off. They'll be making great money combined. If they live frugally they can knock out those loans in no time
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