Date: June 12th, 2012 1:14 AM
Author: ....................,.......,....

First year I'm living with rents to avoid paying rent - salary is $50K.

Second year I plan to move out to low rent apartment and commute, but will prob spend a lot on eating out and drinking. Salary will prob be around $60-70K then increase handsomely. I am going to try to put 50% of my salary towards loan repayment. Possible after 5 years? I'm hoping after 3 years to have $40K paid off.

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872226)

Date: June 12th, 2012 1:24 AM
Author: .,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.

impossible to determine with only the info you've given

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872292)

Date: June 12th, 2012 1:24 AM
Author: RNP+

i have $150k on $65k income

i'm planning on doing IBR/minimum payments til the 25 years runs out

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872298)

Date: June 12th, 2012 1:26 AM
Author: ..,.,.,,.,.,,,.,.,,...,.,..........,,.,.,.,.,

65? Govt?

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872310)

Date: June 12th, 2012 1:28 AM
Author: RNP+

nope - i wish, then it'd only be 10 years and i'd get loan repayment assistance from my school

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872330)

Date: June 12th, 2012 1:26 AM
Author: ....................,.......,....

Srly, over 25 years? I want to be out of debt asap..

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872313)

Date: June 12th, 2012 1:28 AM
Author: RNP+

i feel ya man - can always actually live like a pauper and not do any skiing, golfing, cable tv watching etc and pay off like $20k/year

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872332)

Date: June 12th, 2012 1:31 AM
Author: ....................,.......,....

I know...

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872345)

Date: June 12th, 2012 1:27 AM
Author: Non sequitur ( )

given taxes and living expenses, it typicaly takes about 3 years to pay off debt if you're making that much in salary, if you pay a lot and live frugally

e.g. 100k salary on 100k debt will taek 3 years

make your calculation accordingly

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872320)

Date: June 12th, 2012 1:34 AM
Author: ....................,.......,....

So maybe 6-7 years..my main concern is how frugally I'm going to be living ..need new wardrobe, apartment...I'm prob going to live in NYC squander for 4 years. No furniture at all. Whatever.

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20872369)

Date: June 12th, 2012 7:12 PM
Author: ..,.,.,.,.,.,.,.,.,.,.,.;.,.,;.,;.,;.,;.,,.,.,;.,;

No. If you're making 50k, you're receiving 42k. You should live off of 10k a year. Pay 32k every year for 3 years.

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20875958)

Date: June 12th, 2012 7:19 PM
Author: ,.,...,..,.,.,:,,:,.,.,:::,..,..,:,.,.:.:.,:.::,.

Lol no. I make 50k and my take home is 33k. Gotta factor in health insurance and small 401k contribution up to company match.

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20875980)

Date: June 12th, 2012 7:21 PM
Author: ,.,,,.;,,,..,.,,.,::.::,,...,....;;,; (oh heartland up yours)

1.666667 years. GMAT questions are easy

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20875988)

Date: June 12th, 2012 7:37 PM
Author: " " " "

Eternity

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20876023)

Date: June 12th, 2012 8:44 PM
Author: FedDude

Depends on your interest rate.

If you are locked in at 1.65% like I am, pay as little as you can for as long as you can.

8%? 12%? More? Pay them off as fast as you can.

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20876417)

Date: June 13th, 2012 3:44 PM
Author: ~~(>' ' )>

Why don't you do some basic math and maybe a little Googling and answer your own fucking question?

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20880997)

Date: June 13th, 2012 4:11 PM
Author: ....................,.......,....

lol. I did few estimates of my own actually - just wanted to get the xo official insight.

(http://www.autoadmit.com/thread.php?thread_id=1968915&forum_id=2#20881176)