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Student loans

Discussion in 'Teaching abroad' started by nikki2482, Aug 28, 2020.

  1. gulfgolf

    gulfgolf Established commenter

    Even if the loan might be wiped in 30 or 25 or 20 years, you have to consider your total payments until that time. Paying off early, in full, might actually cost you less than paying interest over all that time while never actually paying it off completely. Interest is pernicious (unless you’re the one earning it).
     
    install likes this.
  2. Mitochondria1

    Mitochondria1 Occasional commenter

    That's the thing, unless you're in the top 20% of earners out of the gate, and are able to maintain salary growth to stay within the top 20%, you're not paying that loan off...ever, so there's no point in trying to pay it off.
     
  3. install

    install Star commenter

    Again spot on. Totally agree.
     
    TeacherMan19 likes this.
  4. gulfgolf

    gulfgolf Established commenter

    I did. And I’m not in the top anything. So did my partner, and that loan was far worse. It’s actually quite doable.
     
    install likes this.
  5. install

    install Star commenter

    Agree.
     
  6. lottee1000

    lottee1000 Occasional commenter

    TeacherMan19 likes this.

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