So I got my loan package yesterday-- the best option was for me to go with paying off my $35,000 over ten years with $260 monthly payments and $2000 in interest.
While the plan is totally doable, I guess I'm wondering if it's a better option for me to focus on just repaying it over the next year-- I've calculated it and if my salary stays the same, if I put 15% of my monthly income towards paying off my loans I could be done in a year.
I don't like the idea of owing so much money, of having to deal with repaying it over such a long period of time-- I want it to be over with, I want to go to grad school in two years with a fresh start. I don't want the fact that I owe this much money to hurt my credit or my chances of being able to buy a house/apartment sometime in the next ten years. And I like the idea of putting my income towards something meaningful, like paying off my loans-- I've gotten a lot better at saving, I was SHIT at it when I first started dancing, but I'm getting better now. I'm just not one of those people who does well with "just save everything" I really have to have like, super specific goals in mind.
But I don't know if it's actually better for me to just pay the loans off in the ten year plan?
On a lighter note, my father is very concerned about me being able to pay off my loans-- he is very surprised I'm not asking for payments to be deferred for six months, and thinks that a $260 monthly payment seems very high.My parents are seriously so clueless when it comes to my life!



My parents are seriously so clueless when it comes to my life!

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