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Reply to "debt regret"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]150k student loan debt, 75k salary, 2k cc debt, just bought a house for 250k, and mortgage cheaper than my rent was (live in DC). I never thought I would own a home too, I just kept paying down the cc debt to raise credit score. So happy now.[/quote] This sounds crazy to me because the student loan debt is so high relative to income. Were these federal student loans on an "income-based repayment plan? For me, I wouldn't be comfortable with the high debt to income ratio here. But at the same time, I am kind of envious if you did manage to take advantage of "income based repayment" programs, and go to a better school that you could have afforded otherwise. (It would annoy me though, for folks to get a career ladder advantage over me, who compromised on schools because I didn't want huge student debt...... my student debt was closer to half my starting salary when I graduated and I've worked to pay it down.)[/quote] student loan result of a chiropractic degree and then I decided not to work in the field after completion. [/quote] You were smart to purchase, esp if it was closer than renting. I purchased for the same reason.[/quote]
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