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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]My spouse and I graduated into the recession (2010) with $250K law school loans, 5+% interest rates, and a pulled offer. We therefore were more risk averse than some others and focused on paying our loans down aggressively for 5+ years. Then focused on getting pregnant (worried about fertility) and saving for a down payment (tough with double daycare). That left us poised to buy in spring 2020 but then Covid happened and we waited a year to see whether we actually wanted to move out of the region to be closer to family. Ended up buying a house in the DMV in 2021. It’s worked out okay but if we had been less risk averse we likely would have gotten on the property ladder sooner which would have been much better for our net worth. I’m at peace with our approach but not sure I’d recommend to others. [/quote]
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