I am an educator making about ~3280 net/month in a high cost of living city in the US. I work part time on the side at a tutoring company, but I only get paid if the family comes. This could bring in an additional 600$ a month or more depending on how many students attend.
Recently, I got a job offer of 82k (~4000 net), but it’s further from my home (35-40min commute), so my cost of transportation will go up (from 110 to 160) and it’ll increase the cost of a medication I take from 40-120$ because of the change in health insurance.
I recently learned that if I stay with my current employer I qualify for teacher loan forgiveness after another 2 years. I have about 14k left with a 6% interest rate. Is it worth it to stick around for the loan repayment and just hustle on the side? If I did decide to leave would it make sense to aggressively pay down the debt or put more toward saving/retirement?
Submitted May 22, 2021 at 12:21AM by Capdavil https://ift.tt/2Sjbfbv
