06-02-2015, 05:08 PM
(06-02-2015, 09:27 AM)dmcowen674 Wrote: http://media-cache-ec0.pinimg.com/736x/9...d203ef.jpg
http://money.usnews.com/money/blogs/my-m...in-3-years
Quote:How to Pay Off $30,000 of Student Debt in 3 Years
Even if you DON'T, how many years do you have left to work Dave?
I'm guessing at least 20 until full social security. (I'm under the impression you're younger than I am, I'm early 50s)
Like I said, if you paid $4000/year for the next 20 years because you borrowed some money to go to school that would indeed be $80,000 you'd spend over the next 20 years on your student loans.
However; even if you only ended up averaging $8000 more a year after taxes, you'd still be $4000/year ahead after taxes. (and have $80,000 more to spend over those 20 years)
US government info shows median income $359/week higher for bachelor's than some college, that is $18,668 more a year before taxes. Should work out to $1000/mo more after taxes.
So even if you had to pay $400/mo of that all 20 years (and BTW you can shift student loans to lower interest home equity/other types of loans) you'd have $600 more a month on top of that.
Not to mention I'd think it would be nice to have some of the power on your side of the table when talking to employers.
Your life dude, but I think my advice is sound. Worked for me and pretty much everyone I know.


![[Image: 9e56fd36bc0bf2c6e454e17beed203ef.jpg]](http://media-cache-ec0.pinimg.com/736x/9e/56/fd/9e56fd36bc0bf2c6e454e17beed203ef.jpg)