Consulting

Graduating an MBA program into a post MBA consultant role at an MBB firm. By the time I graduate I’ll have ~ $100K in student loans. How manageable is my loan situation?

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Not trying to tee off on the OP, but it feels like someone with an MBA and an offer from a blue chip consultancy should be able to figure this out for themselves. You’ve got the tools. Use them.

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A second opinion can’t hurt

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Very

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That’s a bit over $1k/mo (over 10yrs) with monthly comp of ~$13k (that’s likely to grow over your career). Don’t know how you spend, but prob very manageable.

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Extremely. Also if you have a spouse/partner who doesn’t have that kind of debt - becomes super easy 😁😁 I pay my loans, plus 50% of household costs and my spouse covered our home down payment.

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Yeah same here- you won’t even notice it.

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Graduated with the same debt load, paid it off in 7 years. And that included supporting my wife in grad school for 2 of those years.

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I saved 80k in 2 years on 75k base so very doable

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In a similar situation, it’s pretty easy to pay back quickly. Would recommend exploring refinance options depending who your loans are through though, I’ve found private lender rates often significantly lower than PLUS/other federal loan rates

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I’ve heard you cannot take write offs for your student loans if you refinance through a private lender. Still worthwhile?

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