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Starting big law w/ 150K debt- aggressively pay down, or PAYE?
| Vibrant Digit Ratio Selfie | 05/12/13 |
| duck-like spectacular headpube | 05/12/13 |
| Demanding Mentally Impaired Mental Disorder | 05/12/13 |
| Vibrant Digit Ratio Selfie | 05/12/13 |
| exciting parlor | 05/12/13 |
| Vibrant Digit Ratio Selfie | 05/12/13 |
| exciting parlor | 05/12/13 |
| Honey-headed startled elastic band | 05/12/13 |
| Wonderful Nofapping Native | 05/12/13 |
| Vibrant Digit Ratio Selfie | 05/12/13 |
Poast new message in this thread
Date: May 12th, 2013 6:29 PM Author: Vibrant Digit Ratio Selfie I have 150K in debt, and will be starting biglaw in the fall as a second year in primary market (Expensive as fuck).
Should I aggressively pay down loans, or just PAYE that shit and build my savings so I can buy a house in the next five years? |
Date: May 12th, 2013 6:30 PM Author: duck-like spectacular headpube You can probably run a formula on this to determine what is better
My guess: pay it down; 150K is doable in just a few years, then you don't have that debt hanging over you which wil screw credit score, and probably the payments in PAYE will ultimately be the same, just spread out |
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Date: May 12th, 2013 6:34 PM Author: Demanding Mentally Impaired Mental Disorder since when does student debt screw your credit score? i have an excellent credit rating and i'm buried in student debt (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23184985) |
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Date: May 12th, 2013 6:35 PM Author: Vibrant Digit Ratio Selfie student loan debt doesn't screw your credit score, although it probably should (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23184988) |
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Date: May 12th, 2013 6:35 PM Author: exciting parlor Do you really want to be 47 years old and still paying student loans?
20 years is a long time brah. |
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Date: May 12th, 2013 6:36 PM Author: Vibrant Digit Ratio Selfie if it is the smart financial decision, absolutely, although I am 99% sure its not. just want to see what my bro's think. (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23184999) |
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Date: May 12th, 2013 6:52 PM Author: exciting parlor Nobody has a crystal ball to tell you what you will be earning over a 20 year period. In my opinion, there should be more to this decision than just dollars and cents. (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23185108) |
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Date: May 12th, 2013 6:37 PM Author: Honey-headed startled elastic band PAYE that shit for a year and max your savings in case you're layoff-pwned. (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23185012) |
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Date: May 12th, 2013 6:43 PM Author: Wonderful Nofapping Native TITCR, for most people, your first financial priority should be to accumulate a six month emergency fund. (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23185050) |
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Date: May 12th, 2013 7:33 PM Author: Vibrant Digit Ratio Selfie (http://www.autoadmit.com/thread.php?thread_id=2254170&forum_id=2#23185370) |