Quote:
Originally Posted by Timbit
Sure. And there was this:
Seems like they have a pretty good financial planner.
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I actually don't think their planner is right on the money. They'll likely be paying over 1k a month each for 30 years to pay it off starting at age 30 or so. If they pay it off in seven years, they are reducing money in other areas, particularly when they'll also be purchasing a practice etc. If they stop saving for retirement and wait until then, they are already behind. Plus, the debt is increasing now while they are in residency. Even if they paid off the debt by age 40, they'll still be starting at a point later than other people with similar educational backgrounds.