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re: Financial plan for recent graduate

Posted on 6/19/15 at 12:19 pm to
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 6/19/15 at 12:19 pm to
quote:

so I have about 9.5 years left on my current plan


Yea I would try to cut the 9.5 years at least in half. There is no reason it should take 10 years to pay down 22k in debt for a college graduate.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37709 posts
Posted on 6/19/15 at 12:23 pm to
You can write off the 6% so make sure you throw that 300$/year or so at the loans when the tax man apologizes
Posted by DallasTiger45
Member since May 2012
8461 posts
Posted on 6/19/15 at 12:24 pm to
quote:

Yea I would try to cut the 9.5 years at least in half. There is no reason it should take 10 years to pay down 22k in debt for a college graduate.


It's just the default plan, I left it alone to start so I could see how it affects my budget.
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