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re: Anyone gone into over 150k in student loan debt?
Posted on 4/16/16 at 6:57 pm to SomethingLikeA
Posted on 4/16/16 at 6:57 pm to SomethingLikeA
160k CRNA school----the worst!! Hope to pay off in 10 years. Not trying to kill myself in the process.
1
Posted on 4/16/16 at 6:58 pm to Success
Not to mention between my wife and I, we paid 9500$ in interest last year. $0 was deductible
Posted on 4/16/16 at 7:00 pm to SomethingLikeA
quote:
Lol not even close to possible. $200k salary..no shot he can pay $12k month just for student loans.
Agree. 200k salary especially for a single person can come with a very high tax load. If I was some one coming out of school and have a high paying job with the student loans these kids have, I would sit down with a financial advisor. See what options are out there and work towards that.
Posted on 4/16/16 at 7:09 pm to SomethingLikeA
quote:
Lol not even close to possible. $200k salary..no shot he can pay $12k month just for student loans.
I said making around $200k. The point was making north of $200k he could pay down those loans very quickly.
Posted on 4/16/16 at 7:15 pm to tuptiger
I'm about to... Got the same feelings as you 
Just have to graduate and successfully practice thereafter. I don't even think about failure as an option.
Just have to graduate and successfully practice thereafter. I don't even think about failure as an option.
Posted on 4/16/16 at 8:20 pm to forksup
Graduated med school is early 2000 with about 175k in student loans. Deferred loans till I was finished residency/fellowship in 2008. Was able to pay them off in 5 years. Key is to not splurge and live within your means. You don't need to buy a new Audi or a 4000 square foot house as soon as you graduate. Prioritize. You have to realize once your income reaches a certain level, you can't deduct the interest from your loans.
This post was edited on 4/16/16 at 8:25 pm
Posted on 4/16/16 at 8:31 pm to SomethingLikeA
ol not even close to possible. $200k salary..no shot he can pay $12k month just for student loans.
This is correct. You will be paying around 60k in annual taxes....and your student loan payments/interest are nondeductible. A lot of people in this thread don't know the reality of the situation, but it is very doable.
This is correct. You will be paying around 60k in annual taxes....and your student loan payments/interest are nondeductible. A lot of people in this thread don't know the reality of the situation, but it is very doable.
Posted on 4/16/16 at 8:33 pm to Mempheaus tiger
Or you can buy nice things and let your debt last a couple more years. There isn't a right way as everyone values things differently.
Posted on 4/16/16 at 8:48 pm to Lionnation1993
quote:
Going to have around 110,000 after I finish Pharmacy school and the interest is added. Hoping to pay it off in 10 years
That's what my wife owed when she finished pharmacy school 5 years ago next month, and we'll have it paid off by the end of this year. Her interest rate was 6.9%.
With your salary as a pharmacist, it won't be that hard to pay off 110,000 in 10 years.
Posted on 4/16/16 at 8:49 pm to Upperaltiger06
My base loan amount will be $65000 after grad school. After accrued interests that's probably $73000 + in loan debt.
Not at your level, but it will still take me awhile to pay it off considering I'm not a doctor.
Not at your level, but it will still take me awhile to pay it off considering I'm not a doctor.
Posted on 4/16/16 at 8:53 pm to tuptiger
Good god I thought my 8k I have left in student loans was alot.
Good luck paying them off everyone
Good luck paying them off everyone
Posted on 4/16/16 at 8:55 pm to tuptiger
yes.. pharmacy school...
Posted on 4/16/16 at 9:01 pm to chRxis
Chrxis how long does it take for a pharmacist to start making real money right out of school? I saw some of these guys saying I will be paying 5k a month. I mean if you start at 150 k a year but if not damn
Posted on 4/16/16 at 9:27 pm to FLBooGoTigs1
I've definitely talked to a financial advisor. Have the budget set up that the majority of paychecks will go to loan repayment. I think the point is there are lots of ways to manage the debt so do what ur comfortable with. Some can tolerate havering the debt around for a while, others like me would like to get rid of it as fast as possible.
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