I currently have 12.5k in student loan debt. I will rack up another 12.5k if I use the student loans for the rest of my program (1 year).
I'm 26, no plans on kids anytime soon.
Assuming I continue using loans, at graduation:
Subsidized loans at 1.066% interest = 11,000
unsubsidized loans at 4.06% interest = 14,000
Monthly Income:
$3600
$216 to 401k (match)
$1100 in expenses.
Leaving about 2200 surplus every month if I spend nothing above the necessities.
Assets:
10k in a 401k
9k in stocks from my previous employer.
$2k in cash
Right now I pay $1800 every quarter out of pocket. To do this without loans I would pay ~$4850 per quarter. I could swing it but it would be a tight budget.
What should I do?
Submitted December 24, 2018 at 01:29AM by gi_funk http://bit.ly/2QSXr6o
