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Reply to "What’s your student loan payment "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI 400k. I’m a teacher and my loan balance (78k) was forgiven during the pause. (I also had a 100k private loan balance that I paid off before we got married.) We paid off my husband’s loans the last day of the pause (62k). He left government after 9 years, so we paid the loans instead of doing forgiveness for him. The salary difference was substantial enough that it made sense. So, $0. But a long road to get here.[/quote] Why in the world would you take on that much debt to be a teacher? [/quote] PP here—It was definitely a bad decision!! I was the first in my family to go to college and really had no idea what I was doing. Then, like a lot of people, the balance ballooned when I was on an income based plan early in my career. To the PP who suggested I could pay it back on my HHI, you are right! But that’s not how the program worked. Just like I wouldn’t willingly pay a higher tax rate than I have to or turn down other government benefits. [/quote]
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