If I have the option of paying off a 150k loan now, should I do it? Or should I try to take advantage of a loan repayment option (either through a hospital contract or a government NHSC type thing)?
Some thoughts I'm considering-
- interest would accrue and capitalize over three years (I'm pgy1) and I don't know how to calculate how much that is, but it makes me nervous since I doubt I would get my debt 100% forgiven
-I don't want to be sign a 10 year contract
- I don't know how easy it would be to get loan repayment
Anyone money saavy know how to calculate how much interest will accrue on 3 yrs on a 150k loan with capitalized interest?
Any helpful strategies/tips?
Some thoughts I'm considering-
- interest would accrue and capitalize over three years (I'm pgy1) and I don't know how to calculate how much that is, but it makes me nervous since I doubt I would get my debt 100% forgiven
-I don't want to be sign a 10 year contract
- I don't know how easy it would be to get loan repayment
Anyone money saavy know how to calculate how much interest will accrue on 3 yrs on a 150k loan with capitalized interest?
Any helpful strategies/tips?