Re: Honest help from AA's supporting a family
Posted by AA on October 14, 2011, 11:27 pm, in reply to "Re: Honest help from AA's supporting a family"
I am $150K in debt and was not supporting a family. If your spouse does not work, it will be difficult. I would not be surprised if you graduated $200K or more, after living expenses, childcare, etc... You just have to decide if its worth it to you. For 10 year re-payment on 150K, it is $2,000/month. At my new job, after taxes and insurance, I am taking home about $7,000/month. It comes out to be $5,000/month after loan payments. The job is awesome, exciting, rewarding, but difficult at times. To me, it is worth it though.|