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Reply to "student loans VS income "
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[quote=Anonymous]I had $120,000in undergrad and grad/law school loans. Undergrad loans were deferred until I graduated law school. When I graduated the rates wer insanely high, over 8% and higher for the private loans. I busted ass to pay them al, off within 6 years. I consolidated all the public loans and paid the private ones off first, highest rate taking priority. During those 6 years I made between $75,000 and $250,000, changing jobs twice. I lived with my fiancé who became my husband and he has always made more than me so we were DINK. We had no credit card debt and he had no student loans. We bought one used car. We focused all extra money on paying down my debt, but our combined income allowed for us to live in a nice apartment and then buy a nice starter home in NOVA. To me getting rid of tht student loan debt was a HUGE priority to me. Some people like taking extravagant vacations, want a Rolex watch or Hermes bag, drive a BMW, have the latest and greatest iPhone, have all custom made furniture, etc. that wasn't me, I needed to pay that debt, and I stayed in some less than fulfilling job because of the salary allowing me to pay my debts.[/quote]
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