said by dragonfly5:
- Landed an internship at a software engineering firm, hired on full time as a C#/ASP.Net developer, I now gross around $55k with two years experience.
Student loan of $37k mostly due to being ineligible for bursaries my final year. It'd be $28k otherwise.
I can afford to pay it back, but $300/mo for 15 years is quite a lot for anyone.
If you're grossing $55k a year, you should be able to pay down that $37k in less than 5 years, and that's still not being all that aggressive. I don't know what your interest rate is, but unless you can perform better on your investment returns, that ought to be your focus.
is right, I imagine your salary wouldn't be in the mid 50's and likely still to rise (as you're still new) if you didn't put down the coin to goto school in the first place.
As to the OP's original point, some people are just lazy. Others may have a more active money management style and their savings are returning higher growth than the interest on their loans. It's just math in that case.--
....where's my fiber?