daaamber
daaamber t1_jeevtuc wrote
Reply to comment by presque-veux in Trying to figure out how to pay for school - would love input by presque-veux
I have grad school loans - I think I took out $30k for my whole masters program after most of my undergrad was paid too. I also worked and went to school. I now have about 10k left. (I’d qualify for Biden forgiveness if it passes the courts, if not I have the money set aside to pay it off.) I originally was on a public service forgiveness plan (8 years of payments) before I hopped to a private employer - but my salary doubled so it was worth it. I don’t regret the loan. I wish my 401k/Roth was higher now though - so dont cash that out.
For grad school loans, the interest is higher. But if they are public loans, you get the same forbearance, interest pause, and forgiveness plans as undergrad. They may be an option.
You’d probably want to cash out your stock before going that route though, unless you are making >8% interest on that - which no one is right now.
daaamber t1_jeequgk wrote
Whats the program you are taking?
Whats the interest on getting student loans to pay for it?(have you looked).
Whats your income potential when you graduate?
All these help to shape what to do.
daaamber t1_jeh0yf5 wrote
Reply to comment by cleaningupmess2023 in 20K IRS bill and no idea how to handle by cleaningupmess2023
Are you paying 30% of your income for child support?