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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]Chose a public law school over private schools for the lower tuition as I always wanted to work for the government. Ironically, I’ve always been in private practice but have always appreciated not having the debt that others do. Still graduated $60k in debt. Got married right after law school, bought a very small house at a great price in a gentrifying neighborhood three years later. Had first baby two years after that and consolidated/extended the loans so that we could afford daycare. Had two more kids, bought a bigger house (not big) with great public schools. Finally paid off the loan about a year or so ago but it was just like another manageable monthly payment. Never had a luxury car, buy used cars sometimes, take budget friendly vacations (but good trips - to Europe some years), already put two kids through college (publics). Nothing wrong with living frugally or at least within budget. You can’t have everything in life.[/quote]
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