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Do you come from a wealthy family? 37k is a lot to pay off when you're just out of school, STEM included. That's like 500-700 a month if you want to pay it off
by overgard 10y ago
Do you come from a wealthy family? 37k is a lot to pay off when you're just out of school, STEM included. That's like 500-700 a month if you want to pay it off in 3-5 years. That kind of obligation makes it really hard to quit a job.
- matt_wulfeck 10y agoI'm not saying it's not a lot, I'm just saying I'm dubious about it as an explanation for the article's theory. Also, that's the average debt. I believe the median is probably much lower but unfortunately I can't seem to find any research in this area. I would love it if someone pointed me in the right direction.
- dilemma 10y agoYou seem to think that paying off debt is not important. Why?
- HeyLaughingBoy 10y agoOTOH, if you only care about cash flow and not the total amount you'll pay over time, taking 10+ years to pay it off can be a good approach that leaves you with a longer runway.