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How long does it take to pay off student loans if you get a job in the field you are actually pursuing ?
If I have the option to obtain the max in students loans but need less than 4k is it worth taking the full loan if I know I might have to pay out of pocket for two classes?
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1 answer
Updated
Jerin’s Answer
Dear Terri,
Thanks for your question .
If your field is Medical or Engineering, it can take between 4-10 years, otherwise , it will take a long time . But even in Medical or Engineering , you need to save money and pay regularly to get out of loan quickly.
Take as less money as possible using loan , pay back as soon as possible. If you can stay with your parents, save money that way.
Hope this helps !
Thanks and Regards,
Jerin
Thanks for your question .
If your field is Medical or Engineering, it can take between 4-10 years, otherwise , it will take a long time . But even in Medical or Engineering , you need to save money and pay regularly to get out of loan quickly.
Take as less money as possible using loan , pay back as soon as possible. If you can stay with your parents, save money that way.
Hope this helps !
Thanks and Regards,
Jerin