Financial Aid Question!

Started by UCfan
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UCfan

Full Member
10+ Year Member
15+ Year Member
Maybe it is not right to post here,but I have a question about financial debt. Let's assume, I will go to one of the private DSs and ended up with $420k debt. I assume that I will pay in 15 years which become approximately $4200 monthly. Is it logical to pay back? Can I pay back $50k per year, since I need to pay shelter, food and personel needs(I am sure that I will exceed $40k). Or will I able to pay back If I will be a general dentist? Let's assume I am making $130k per year after tax reduction which will come to $80-90k. If I payback $50k, I will have a net income of $30-40k in a year for next 15 years. Is not that right?
 
UCfan said:
Maybe it is not right to post here,but I have a question about financial debt. Let's assume, I will go to one of the private DSs and ended up with $420k debt. I assume that I will pay in 15 years which become approximately $4200 monthly. Is it logical to pay back? Can I pay back $50k per year, since I need to pay shelter, food and personel needs(I am sure that I will exceed $40k). Or will I able to pay back If I will be a general dentist? Let's assume I am making $130k per year after tax reduction which will come to $80-90k. If I payback $50k, I will have a net income of $30-40k in a year for next 15 years. Is not that right?
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lol just span it to 30 years and take it easy or go military.
 
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