Re: Financing Training
Yeah the $40K loan for 15 would come out around $300 when you add interest on to it. I didn't do that when in my first example, because it wasn't needed to prove the point (man talkin' to you guys makes me feel like I'm back in school defending proofs.)
The Sallie Mae loan was a mistake on my part. It's 15 years at 7.5%. My bad.
Anyhow, $500/month for school loans, which traditionally are low interest / long term loans seems a bit steep to me.
The amount of money spent must've been staggering, and it might be worth while to get with someone to take a look at the finances.
I don't mean anything by it EatSleepFly...although I'm sure you didn't take any offense.
Naunga
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