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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]DH and I graduated in 2012 with over $375K in loans between our two graduate degrees and remaining undergrad loans. We both had relatively high-paying jobs, and prioritized paying down the loans in less than 5 years, while saving for a down payment and buying a modest (by DCUM standards) house and having a baby a couple years post-graduation. I refinanced our loans several times, and think the final interest rate was around 3-3.5%. We did still take the occasional nice vacation and ate out a decent amount, funded a 529 and our retirement, though we drove our existing used car into the ground, didn’t spend excessively on discretionary expenses, and funneled a lot of extra money to our loans, versus a brokerage. Our income also increased a lot every year. Looking back, I do kind of wish we were a little less aggressive in paying them down so quickly and had put more into the market. [/quote]
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