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Old 12-03-2007, 07:32 PM   #56
DespSeekPhd
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Join Date: Mar 2006
Posts: 964
I didn't mean you should buy a house at 22. But those loans will stick around for a long time.

I think it's great that you've researched your career so well. But a lot of it is still based upon what you "know" will happen. Trust me - you don't know. You have to be sure that if things don't work out the way you plan, you won't be screwed financially. Many people make the same mistake. And those private loan interest rates are going to be really tough on you. Expect the interest rates to rise a lot when the economy rights itself again. With Stafford and Perkins, the rate is locked. Not so with private. I would not want to be sitting on $1000/month in loans with a finance/business undergraduate degree.

Have you thought about what might happen if it becomes necessary for you to get an MBA for the positions you want? The increase in degree demands is happening rapidly for lots of positions, and an MBA is generally self-funded. You would never be able to take on the extra loans to get that degree if it was necessary.
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