- Joined
- Jan 25, 2005
- Messages
- 606
- Reaction score
- 73
I would like to ask for some opinion of this strategy of handling medical school loans.
Lets say you graduate with $150k. Then instead of paying off the student loan in a 10/20/25yr plan, you just pay the interest for the rest of your life.
Then I would invest into stocks/bonds/retirement account with the money I would have payed down on this loan. So the idea is to have more money invested instead of spending it to pay down dept.
I also heard that to do this I would have to take out a physician loan for 150k, pay off my original lender, and then make an arrangement with the bank to only pay interest on the 150k for the rest of my life.
I am thinking of this b/c education dept is forgiven upon death, and I think it would make more sense to invest as early as possible rather than pay off education dept.
Lets say you graduate with $150k. Then instead of paying off the student loan in a 10/20/25yr plan, you just pay the interest for the rest of your life.
Then I would invest into stocks/bonds/retirement account with the money I would have payed down on this loan. So the idea is to have more money invested instead of spending it to pay down dept.
I also heard that to do this I would have to take out a physician loan for 150k, pay off my original lender, and then make an arrangement with the bank to only pay interest on the 150k for the rest of my life.
I am thinking of this b/c education dept is forgiven upon death, and I think it would make more sense to invest as early as possible rather than pay off education dept.