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Reply to "Anyone is ok carrying a student loan debt?"
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[quote=Anonymous]I was able to keep my law school debt manageable. Under $40,000, which at the time was the cost of a luxury car. I was able to pay it off in less than 10 years. They were 20 year loans, and the interest rates were low. During that time, I invested in retirement as well. Maybe not as much as I could have. But I still did it. I also purchased a house. A very modest house. That house appreciated more than $100,000 so I had a nice amount to put down on a bigger house later. If I had waited to buy it, I wouldn't have had that opportunity. If school debt is astronomical, it will have a serious impact on your life. And that amount is different for everyone. I have a friend who had $260,000 in debt. In those circumstances, I would pay off as much as I could, as fast as I could. If you are comfortable with things as they are, I wouldn't worry too much about it. [/quote]
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