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One resident and her husband that I have talked to have $500,000 in medical school loans between the two of them. Imagine a $5000/month payment for 10 years on any level of income"

If they are successfull and each making $125,000 or $200,000 apiece, I'm not sure that is an impossible situation. I expect that these folks expect to more than make back their educational costs.

The secret is to also not get into the habit of living a $250,000 or $400,000 joint income lifestyle......

Then again, if they can pay $60,000 per year to pay off loans for 10years, just think what $60,000 per year into retirement accounts would do if they continued that for another 20 years.

A lot of people manage to live on $30,000 or less each year, and many many many on $40,000 or $50,000/yr.

So making $125,000 and having to pay $30,000 a year back in loans isn't going to break the bank......

With two together, they have over $60,000 easily to live on.

Looked at another way, the $250,000 debt apiece is only twice their expected yearly salary, and if they are good specialists, maybe only 1 years worth of debt. Still sizeable, but certainly manageable since 80% of americans take on that much debt to buy their house (sometimes 2 or 3 times their income) and manage to pay it back.

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