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Reply to "If you took out six figure student loans for a professional degree, what was your strategy "
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[quote=Anonymous]I'll answer for DH. DH started law school at age 25. DH had 100K in student loans and I had 40K. We decided to be very frugal and make paying back student loans a big financial priority, in part because we had a high interest rate but also because DH didn't like the idea of being tied down because of student loans. We lived pretty frugally, but we also had kids early (he was 27, oops) and I became a SAHM. So they weren't paid off until he was 35. We bought a house when he was 36. I think most people would have done the house first and the kids second, but there are positives and negatives to both timelines. Now he is 39 and we have a NW of 800K, 400 of which is home equity. I think that we could have paid back the loans in a more financially savvy manner by treating it as just another bill, but there is something to be said for the peace of mind of having it paid off earlier. [/quote]
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