House or student loans? About 150k in federal student loan debt, and with IBR payments I can save for a down payment on a house in 3-4 years. My other option is to aggressively pay my student loans, but this would take me 10-12 years and I wouldn’t have money for significant travel, down payment, things I never had growing up, etc.... I feel like I work too hard to deny myself “the fruits of my labors” if you will, and that I only have so much time to enjoy my younger years. Thoughts?

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Get the house. I bought a house and still have student loans, and haven’t regretted it once. The house has gained so much equity and I don’t have to pay rent, etc. It’s great.

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You can’t live in student loans

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But the house. It builds equity.

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I have chosen to save for a house

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House 1,000%

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House to start building equity. Especially if you haven’t transferred your student loans to another lender.

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House. The federal government may wipe out or significantly reduce your student loan debt in the next 4 years. I wouldn’t bank on it, but I also wouldn’t be aggressively paying it off.

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I’m in a similar situation and picked the house. We moved in last March. Best decision I’ve ever made!

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Tbh, I think you answered your own question. Personally, I tried to be too conservative with finances my first year in practice and got burned for it. I lived in a horrible rental that compromised the health of my family for the sake of saving a few thousand dollars. Having control of my own space became critical for me to be able to feel rested and ready for work each day and to stay sane through the pandemic. It's not worth 'paying the man' if you're also risking basic comforts. I say do what's best for you and that sounds like saving for a house.

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Following. In the same situation...

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Echoing house. Bought a house with 5% down in a high tax town and my monthly expense is still the same as my city rent. I have 300k in student loans that kill me but on IBR.

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Thank you all for your comments!

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Buy the house. Can you borrow the money from your parents?

First time home buyers or as much as you can put down. Good luck

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I don’t want to work in big law or even the law in general forever so I’m using my salary to knock out student loans. I then want to work another year or so to buy a container home, then quit the law and live a more free life with very low expenses.

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