I'm still paying off my undergraduate loans, but I'm eager to pursue a postgraduate degree. The only thing stopping me is the fear of handling both payments and not feeling sure I'll have the money every month. Have any of you dealth with this? How would you manage the financial burden of taking on additional student debt while still paying off existing loans? Please share any strategies or resources that could help make this more feasible!

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Only do it if it’s highly likely you’ll earn enough to service your debt. For instance, after college I went to law school and started earning six figures at 25. I turned down my first offer of $95k rather than take the first thing thrown at me. Now at 31 I make much more than that and can afford a SAHM wife, 3 kids, a mortgage, and my student loans. But if your proposed career move isn’t high paying, it doesn’t make sense to take on more debt.

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Additional Posts in Student Loans

SOFI or who else?

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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Does having student loans impact your ability to get a mortgage?

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If you could go back in time what would you tell yourself before taking out student loans?

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Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

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If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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