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SVTPerformance's Chain of Restaurants
Road Side Pub
Student Loans: Who's got em, and who thinks its a bubble
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<blockquote data-quote="velocicaur" data-source="post: 16074530" data-attributes="member: 33335"><p>I have a family member that went to a state school and then became a veterinarian. It was ~275k after all said and done. The first job paid 56k/year with no real benefits. Obviously, that didn't work. She uses the income based repayment program where you pay ~10% of your wages and then you get a balloon tax in 30 years. We're talking ~600/mo which doesn't make a dent in the interest. It's been a few years now and they are up to ~85k/yr and it's ~1050/mo. Again, not doing much in the repayment department. It was over 330k the last time I heard about it. She'll be okay as long as the IBR program exists and absolutely screwed if it goes away.</p><p></p><p>Unfortunately, the job is too much. It's physically and emotionally demanding and it's really taking a toll on her health. The burn out is real and she's not even 30.</p></blockquote><p></p>
[QUOTE="velocicaur, post: 16074530, member: 33335"] I have a family member that went to a state school and then became a veterinarian. It was ~275k after all said and done. The first job paid 56k/year with no real benefits. Obviously, that didn't work. She uses the income based repayment program where you pay ~10% of your wages and then you get a balloon tax in 30 years. We're talking ~600/mo which doesn't make a dent in the interest. It's been a few years now and they are up to ~85k/yr and it's ~1050/mo. Again, not doing much in the repayment department. It was over 330k the last time I heard about it. She'll be okay as long as the IBR program exists and absolutely screwed if it goes away. Unfortunately, the job is too much. It's physically and emotionally demanding and it's really taking a toll on her health. The burn out is real and she's not even 30. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Student Loans: Who's got em, and who thinks its a bubble
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