Refinancing 200k MBA Loan. Should I do 12 years at 4.5% or 15 years at 3.9%? I want to pay if off quicker but I also want to make sure I don’t have too much to pay if I get laid off soon.

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

If no early payment penalties, 15 yr easy.

like

Wow! That is a huge loan.....

like

200k mba, what mba program did you attend that took all that money and you can’t figure out the answer to your question?

likeupliftingfunny

Great point! Hahaha

Which banks? Did you get the numbers mixed up?

like

Are there repayment penalties and how large? My gut says 15 year @ 3.9% but I also love liquidity.

like

Fixed? I would go lower interest. You’re paying it off early anyways. Make sure there’s no penalties for paying early

Less years = less interest no?

If those are the right numbers than it should be a no brainer to do 15yr...

likesmart

This is like a mortgage jeez

Related Posts

For current management consultants pursuing a full time 1 Year MBA program, what are your post-MBA plans? Why are you pursuing a 1 Year program? Do you want to pivot out of consulting?

like

Does having a United States security clearance help with MBA admissions?

funnylike

Anyone here study for the CPA during a full-time MBA program? How’d it go?

like

I am interested in getting my SHRM-CP certification this year and I was wondering which study methods and materials worked best for those of you who passed the exam. Also, what are your roles in HR?!

like

Any tips to prep and pass PMP in one shot other than buying the book and reading every page of that?

likehelpful

Have the layoffs the Big4 have had made news? I haven't seen anything so I'm wondering.

like

Asking the masses for your take for a family member: If you are presented a severance package, are they negotiable? Have you had success in submitting redlines or getting more $$? How many weeks p

like

Newbie who just started in consulting 2 weeks ago. Prompted by my manager to get a Scrum Master Certification. For those who have one, has it done anything for your career?

like

I’ve been laid off and, as I embark on my job search, I’d like to keep my marketing skills sharp. Any recommendations on must read books, or resources?

like

Anyone made the switch from Tax/Audit to analyst/Consulting? What's your favorite thing about the switch? I just received an offer from Accenture as an Analyst for something unrelated to my last position. Really fired up. 🎉

like

Is this the week I get laid off?

like

The more pedestrian your intellect, the better fit you are at D Heard of a colleague with an FRM charter being laid off today. Overall excellent person. And you won't believe who they promote year after year.. the character, curiosity and quality of the lifers Don't join this firm if you for a love of learning and to be inspired. Join if you are a middling who wants a good brand to hack ahead in life and rise above your station

likefunnysmart

Magic Leap laid off 50% (!) of their work force?!? This can’t be the cause of the virus.

My ey office was crushed with layoffs a few weeks ago. Did anyone else get hit?

like

Anyone know of any senior strategy openings? Just got laid off and would greatly appreciate any leads.

like

I’m gonna cry. In the beginning of the SIP my firm let some people go, my manager got fired because she did something stupid, and now a person on my team has quit without notice and I’m stuck

like

Hello 🐠- I had gotten laid off when my stem extension was due and then managed to find a job just in time to apply for the stem extension but USCIS just denied my application. I am not sure what to do at this point of time. Can I appeal? Or is this the end of the road for me in this country? Any advice would be appreciated to help extend my stay in the country and hopefully continue working here.

like

Would a SHRM certification be beneficial for a consultant in organization strategy? Anyone in a similar boat?

like

hey all, i’m 3 years into my career. some decent work produced, some awards (mostly student). after getting laid off last fall and many many applications and emails sent, I’ve decided to spend time and money on a creative PR stunt to get my dream agencies’ attention. I’ve decided I don’t want to settle any longer, and I’m ready to make the jump to the elite. so people that have made it to their dream agencies: when did it happen for you, what made it happen, and was it everything you hoped for?

like

For those of you who attended a FT MBA program, what did you do when you were not in the classroom? Besides traveling, partying, studying/homework, interviewing, etc. Were you often attending events to network, getting lunch with faculty, enjoying a hobby, something else? Thanks! *Repost*

like

Additional Posts

Are you union or non-union?

likehelpfulsmart

Applied for an SM position at pwc and interviewers mentioned that it is for an SM position as well. But the offer came out as M. Recruiter said it is just a title and doesn’t have any implications but more I look, it does look like an downgrade. Is this common? I am currently an SM and it is in tech consulting area.

like

Uber program manager comp in Seattle? 2-3 years work experience.

like

Your task is to blow a job interview in the first 30 seconds. What do you do? “How strict is the sexual harassment policy?”

like

I have an offer from TCS as a Salesforcee Business Analyst but another product based company has offered more CTC than TCS. I want to negotiate with TCS and want the same salary which a product based company has offered. Will HR consider? Any guidance will help.

like

That moment when the call admin mutes your line when your kid starts crying in the background...

funnylikehelpful

Is there a difference between biz ops and regular strategy and ops role at Google ? They reached out for stat ops role but I heard biz ops is more consulting .

like

Any MBB folks down to give me feedback/advice on my resume? Also looking for a potential referral if possible. Only if you think I have a chance!

like

sitting on an offer from chiat\day LA right now, decent salary for a mid level designer, but i know i can make a lot more being brand side at a tech company, talking to a few rn. i’m wondering if i should do it for the experience and networking? how’s chiat\day lately? ive been freelancing and was hoping a senior title will make me give up that lifestyle. eventually i want to work on sets and do more things in entertainment honestly

like

Does anyone have suggestions for making an election to the 'senior bonus'? (Early career investment bonus)

like

Can anyone recommend a Time Management course for employees? Bonus if it is tailored for Outside Sales people. Online/Virtual would be preferred as the reps are scattered throughout the country. Thank you!

like

Moving to NYC from Europe. Gonna make 170-180k pre Bonus. My partner is a student in NYC. How much rent can I afford in the city if I want to still have a fun life. My partner can chip in 1.5 to 2k per month.

like

Does anyone know the billable hours goal for managers at EY?

likehelpfulfunny

I am an SAP FICO consultant on H1B. Got just laid off and looking for a job. Can you guys kindly give me some leads/referrals.

On my first DD project for a PE firm and the hours are crazy. How can I leverage this work for future job oppys?

like

What's the PwC rate code for Marriott? 🙋‍♂️

like
like

Need some advice on career path change from a QA Lead to Scrum Master/Program Manager. Currently working for a Big 4 firm leading multiple teams for my project. I’ve been doing QA job for a while now and feel like I need to advance my career to the next level outside of QA world. I could think of Non Technical Scrum Master/Program Manager roles. Current Base Salary - $135K What can I expect in the job market for me? Appreciate your time and advise.

like

How do salary increases work at Big 4 if you come in an experienced hire? For example if I switch firms as an SA at 130k salary, what can I expect as an increase the next year since I’m not on the normal comp structure?

like

Any clue how much credit score might be impacted by closing one card and opening two within the same month? Net available credit would increase by 10k and I’m currently sitting at 785 credit score.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.