How low were you able to get your student loan payments? I plan to pay as fast as I can, but I want the option for as low as possible for house buying purposes.

like
Posting as :
works at
You are currently posting as works at

I have more loans than I’ll ever be able to pay, so honestly just planning on making minimum payments until my 20 years is up 🤷🏻‍♀️

Edited to add: Even with the high balance, I had no issue securing a home loan, keeping a good credit score, etc.

like

Lol not in big law and don’t make anywhere near $200k. You do need to be on IDR to get forgiveness. Payments are around $500 a month.

On my IDR plan my monthly payment for one of my two services is only like $475 per month (it’ll probably go up after the payment freeze ends, given my salary increase unfortunately). My other provider is like $196 per month. I overpay a lot particularly on the $475 provider (interest rates are absurd), but it’s nice to have the option to pay less if I want to. Also I have significant student loan debt: liberal arts undergrad, law school, and business school. So I was shocked my monthly payments are as low as they are.

What’s your income? I’m trying to gauge how much my payment is going to be. Very nervous 😬

There’s a calculator on the Fedloan website that can estimate what your cost per month will be based on your salary. Just need to start the enrollment process for IDR plan.

It was a different time, but I paid off my loans before shopping for a house. I didn’t know the area, so it gave me time to learn about where I wanted to lives long term before committing to a house purchase. And my student loan rate was pretty high.

I believe since fed loans are paused you can apply for and be placed on income based now, that way you can get an idea of how much they will be. I bought a house during Covid (low rate interest but higher selling prices) and although I’m saddled with undergrad and law school debt it wasn’t an issue, just depends on overall creditworthiness (income, credit score, etc.) it will also likely be based on last tax year for the payment plan which helped mine be lower since I had graduated 2021.

Related Posts

This is a post to reach out to Indian professionals working in US. How do you feel about investments in India vs Investments in the United States, all inclusive - real estates and stocks ETFs
TIA

like

The lease on our existing bmw 430i ends in August. Looking to buy model 3.
1. When should we place the order?
2. What’s the best place for financing?
3. How much should we put down initially?

Thoughts on Sunrun as a stock investment? Buy or avoid?

like

Moving to NYC this summer, making 40x rent for most places but don't have any credit score (non US citizen).

Any tips on how to avoid expensive gurantors?

likesmart

Have any of you considered FIRE? I'm sure some of the partners are young and rich enough to retire. So why not say screw working until 60 and to hell with the pension? Travel the world and live life while I can?

like

Short term plays for me. Pick it apart.

IDN - Following Anthony’s advice
MARA - Rallying all week with Bitcoin
TLRY - Still rallying from upbeat sentiment
PLTR - IBM news will weigh in fully by EOW
RDFN - Earnings
CHGG - Earnings
EXPE - Earnings

Post Photo
like

What do we think is going to happen with student loan deferral? Any recent new grads thinking they’re going to pay back any time soon? Some argue Biden is going to keep pushing interest pause til next election then forgive 10k as a strategy to help get re-elected? I only have 15k to pay and can pay it anytime, but no incentive to when that money can be earning more elsewhere in the meantime, thoughts on what is really going to happen?

like

If you had to guess when oncycle will be, what would you say? I’ve heard funds were disappointed by participation rates and quality last time, so I’m curious to see if they can show enough discipline to wait this year.

like

Thoughts on the new Chase Freedom Flex?

like

Should I sell or hold Tesla considering it’s joining SP500? Right now my profit margin with it is around 110%.

like

What's the best airline stock to get into before the possible travel rebound next year? Do you also get in now or Q1/Q2?

like

What is the most difficult part of buying a home for the first time?

likehelpful

How much money do you keep in your savings account?

like
like

Bucks County, PA. Depending on size of book can purchase immediately or being a longer term succession plan.

Anyone finding it harder getting managed money biz? If so, what changes or adjustments have you made in prospecting or sales approach? Thanks.

like

What's the best rent splitter online? Most accurate for sqft, etc?

Does 401k count as savings?

likefunny

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

Best money-tracking app out there? I've heard good things about mint???? 🤔💸🤔💸

like

More Posts

Hii sharks 🦈🦈🦈🦈

Can anyone of you please help in calculating how much will be my income tax per month(I am availing the Old tax regime)? Different IT calculators show different figures, not sure which is correct :(

And as for the interest amount in the Savings Account and Fixed Deposits, do both fall under "Income from Interest"? Or under "Other Income"? Or does Interest amount in Savings account fall under "Interest from Deposits - 80TTA"?

The figures are given in the screenshot 👇🏻

Post Photo
like
like

When you walk in Friday morning to a dumpster fire of a file (that you’ve never worked on before) sitting on your desk, with no note or email to go with it. It’s as if I’m supposed to magically divine what to do with it. 🤦🏼‍♀️

like

Any recommendations for front door security camera’s (eg ring)? Want one for my parents who live in a not-dense suburb

like

hearing some senior managers are leaving the firm. is this true?

like

We need a better a singles bowl

likefunny

If you take vacation, is the onus on you to make up that billable time? If so, how do you enjoy long vacations?

likefunny

Hi all, any CDD openings with your firm?

like

Hi All,

My friend is looking for change in QA for location Gurgaon/Noida.
Skillsets are Manual testing,Sql,OOPS concept,TestNG,Jira,Git, Intermediate level selenium knowledge,Mocha.
YOE-4 years.

Please let me know if there is any leads
Thank you.

Hi All,
I am looking for a job change. I have 6.6 year of experience. I work in manual+automation testing.Mainly working on API automation

like

Why do firms fire people with low but still profitable hours? I am in my first full year on track for pretty low hours (~1500) but the actual realized fees (after writedowns) are still double my yearly salary. Is it because firms know they could replace someone like me with an equivalent attorney who would bill more?

like

On pace to bill only 1500 as a first year (2021 v15 corporate). Is this cause for concern? Also should I expect pro rated bonus?

like

Team
Am currently looking out for opportunities in Service Management or Project Management area
Please do let me know in case of any in your organization
I m in dire need of a job change

Hearing of layoffs with some Chicago agencies. MSL...Porter...Ketchum...others? Sign of bad economy coming? Hate to sound skittish, but I lived through 2008

like

VMLY&R has openings in every department! DM me with your information/ resume to be considered.

like

For all that may be interested in working at home.

like

I got Specialist 52 in BOSCH
Team is "ETA"
Any feedback hows the team? in terms of Work Life and Hike , onsite?
please respond

like

Hi fishes, does bosch renegotiate?

Additional Posts in Law

What is the best big law firm in LA for white collar defense?

Clyde & Co Any info on Mami salary expectations? Clyde & Co

likehelpful

Serious question on what vacation means in the BigLaw world

like

Anyone know whether making a motion to lower the appeal bond stays posting of the bond? And whether u have to make the motion sooner than the 30 days before the notice of appeal is due? In fed ct.

like

Trying to explain billable hrs to hubs. I billed 160 this month, which he said “is only 40 hr weeks” (true) - but how many hrs do you figure you “work” or are in the office to bill 150?

like

An actual Attorney's work history on LinkedIn....
I feel this in my soul.

Post Photo
likefunnyupliftinghelpful

On average, how many clients do you work on in a day?

like

Giving a CLE on practical tips for young lawyers, which focuses on practical tips such as looking for leadership opportunities and client development. We want to give a hand out of resources we’d recommend, like books, podcast, etc. Any recommendations for resources we should include?

like

PARTNERS: two questions —1. If you see an associate has really low hours for the month, do you imagine them chillen on a beach somewhere or do you consider they probably spent most of their days sitting in front of the computer being “available”? 2. If you send an associate a random e-mail on a weekend like “Can you pull X and send to Y”, would you get annoyed if they responded saying they weren’t by a comp or would you consider it reasonable that they wouldn’t be by a comp on a weekend?

like

Latham & Watkins Hi! Anyone here who is currently working at Latham & Watkins London? Or any other reputable US law firms in London? I have a few questions about the application process. Thank you in advance. I am UK-based and qualified.

like

I do a mix of corporate governance and securities law. Is it wrong to pass on tax questions? I truly don’t understand tax law and feel incompetent to answer tax questions with any accuracy.

like

My local Safeway is already stocking Valentine's Day chocolates. What would they do without holiday candy to sell? Is this their main purpose? I wonder what they do in off season (if that exists)

likefunny

Where my fellow government attorneys at?

like

V20 NY, firm expectation is to bill 2K-2.4K a year. What happens if I bill 1800? How long until I get fired?

I can handle getting a talking to, or even getting berated. But when will real repercussions happen?

Fwiw, I’m a first year.

like

I accepted a job offer in April to start a few months from now, post clerkship. All conflicts/background check went smoothly etc. Since accepting my offer, the firm has increased their 1st year pay across the board to be higher than my offer was (which was, at the time, what 2nd yeas got). When should I reach out to the recruitment attorney leading up to my start date? Or should I? (Haven't spoken since May) Should I bring up the salary or just assume its higher?

like

Aside from just time and experience, is there anything I can actively do to advance in my career and get more responsibility / client interaction? I’m a first year

like

How much is fair pay for a 3rd year litigation associate in NYC?

like

What would you wear to an industry networking event on the beach? It advertises “this beach front celebration is shore casual” dress code and says “flip flops and shorts are in, ties and heels are out.” How would you strike a balance between over and under dressed?

like

Anyone here work in-house and sit in an open office environment? I sit next to accounts receivable and some marketing folks and can’t focus even with earplugs in. Any advice would help.

like

Has anyone received what seem like unfair reviews that came out of nowhere? How do you handle it?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal