4.6 • 682 Ratings
🗓️ 18 May 2024
⏱️ 8 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.6 | So I am in a unique situation. |
0:09.2 | I am currently in vet school with about two years left. |
0:14.1 | And through some loan simulators and things like that, |
0:17.3 | I've been able to calculate that I'm going to end school with about $400,000 |
0:23.6 | $420,000 in student loan debt. |
0:28.6 | So I guess my question is related to how can I set myself up now and in the future for the |
0:35.6 | best financial position to be in. And should I take advantage of |
0:40.7 | situations like the public service loan forgiveness to potentially rely on that for some of this |
0:46.4 | loan debt? Well, I mean, you say you have two years to go. So right now would be the time to |
0:53.3 | start, like stop in your tracks and stop creating more debt. |
0:57.9 | Because how much do you have at this point? |
1:01.4 | So at this point, I'm about $240,000 in debt. |
1:06.7 | But I have two years remaining in my vet school program. |
1:11.4 | And then your question after that was basically what can I do to have better choices and be on a better financial footing? |
1:19.7 | And the answer to that question is right now, like you've got 240,000 now. |
1:24.1 | You've got to turn the faucet off. |
1:26.3 | Like you're just going to, there's no point in letting |
1:31.1 | this get to 400, 425, 450, when you can stop it now. And I think that's the first thing, |
1:37.6 | is let's come up with a path to where you can finish these last two years and we're not |
1:42.7 | taking out student loans and going into massive |
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