Quote:
Originally Posted by disneysteve
Some people think all debt is bad. Others don't.
Having graduated professional school with 6-figure student loans, I'd have to say I'm one who doesn't see a problem with taking on debt that serves a good purpose and that you will have the means to repay in a reasonable amount of time.
When I was first out of school, and for quite a few years after that, we lived pretty lean and frugal. My loans had a 25-year repayment schedule. I paid them off in 12 (and it would have been 10 had I not changed jobs and been unemployed for a few months along the way).
Med school isn't something you can do part-time, online or through night school. It is all or nothing. Without the loans, it wouldn't have happened, so I've got no regrets at all.
Just wanted to throw in that opinion.
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Agreed on both highlighted points. Student loans are an investment. In my case I took 8 years to pay off a 10 year loan (some loans were paid off sooner). I graduated with a job which paid quite well based on the investment.
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