Pam and her husband have a combined $630,000 in student loan debt. She asks Dave where she should start on paying that off.
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I am 60k in student loan debt. I'm a senior graphic designer making 120k a year. I got lucky and will be done paying in less than two years. Use your heads people!
This bih really called to brag about here income ??????
Salaries speculative at this point. And is that BEFORE or AFTER taxes lol?? What a joke.
FWIW education is not expensive, degrees are
Shovel is not 700,000, you should consider malpractice insurance cost etc.
"In a year or so my household income could be up to $700k, how do I pay off $630k?" watch any of Dave's videos in paying any type of debt and you'll know how, or maybe, just maybe, use that mind of yours and realise that you can be clear of it in under 3 years with a bit of dedication.
When believing in college is going wrong, l think people need to start giving priority to other stuffs in life
no wonder medical is so expensive in the USA.
They can get this. Honestly my jaw dropped when I saw the number but a combined 700k+ income can easily do this. And that's just to START.
She said "Projected" income. Doesn't mean their going to make that?????… No house young lady.. pay off that debt.
Higher education is something you consider in your spare time when things become more affordable.
$630,000 in student loan debt. What on earth is she studying ?
How does everyone here feel about mutual funds?
They’ll be calling Dave in 3 years with the same question. Doubt they’ll pay off that 630K debt.
Projected income is not a good way to analyze how you pay off debt…. you have to get specific on the debt as a whole, then break it down by who the payment lender is, their rules of repayment deadlines and interest and other specific factors…. we could shoot the breeze on projected income how much we could make and could not make but, that is not reality income until you get your first paycheck… then you can map out rough idea…how long it would take to payback the loans and see if there is any other ways to pay debt faster… like investing stocks, job benefits 401k plan , bit coins, garage sale, family, friends, community support, adding on a side hustle…. etc
300k student debt over medical education?! whaaat. thats insane. I hope they both make it out together and change their lives 360°.
Callers like this drive me NUTS. All they need to do is sacrifice for 1 to 2 years. Rent a small apartment or house for around $1,200 – 1,500 / month and they could have this debt gone in no time at all!
This call was pointless. I wonder if people like Pam call in to gloat. There is no way that a future pediatrician can't see that their income will let them pay this off.
That’s a lot of money.. uni is not worth it
This isn't even an issue. They could wipe out their debt in a year and still live on 100k for that year.
The caller doesn't even agree what shes gonna be making. These people are so educated that they have to talk to Dave for advice on paying student loans , that's a dead give a way shes a broke loser with massive debt and run away dreams lol