hi. I just joined for my dental residency which will last for another 3 years. my mama s not rich enough so i am opting for a loan for paying up the 3 year expenses -75000 dollars .
Here, in my country the interest rates for educational loans are veryhigher than elsewhere * a staggering 12 % and morever i have to repay it back within 8 years
I am 30 now ,Single & though i finished my dental school 3 years ago, my savings are less just 300 $ as i had to pay off my fathers debt [he expired several years back, leaving out a huge debt] all these time.
I was planning to invest in stocks/mutual funds/savings, but i dont think it will be ever possible as i goi for my residency program..What i am worried s that after 3 years, I wont be having any savings & the struggle to pay back this huge amount within this short period ....
I am literally planning to get married only after say 8 years or atleast when i pay up arnd 80 % of my Debt...bythat time i will be in te 40 s......hey guys & gals do
2007-03-25 04:48:55 · 1 answers · asked by joe 1 in Business & Finance ➔ Investing
What are you getting out of the postgrad course? Will you get paid significantly more in your career field than if you hadn't taken it. If not I would say skip it for now. Have you considered working first, saving up the money, and then doing your postgrad work? If you don't have to have the education to do your job I would say get out there and start working. Enjoy your life without being chained to debt for awhile. Good luck with your decision.
2007-03-25 04:55:15 · answer #1 · answered by wondering 3 · 0⤊ 0⤋