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Tough Financial Situation of the Day

April 4, 2024

I’m in 250k worth of debt and I’m seriously considering going back to school

So I recently stumbled across a new career prospect that I’m extremely interested in . It’s in the medical field and I’d be making upwards of 150-200k right after graduating from the 2.5 years of schooling. The only issue I’m having is that I’m already in over 240k worth of high interest student loan debt . I currently make 70k working 2 jobs and I know my salary will increase but it’ll probably take another 7-10 years before even reaching $150k .

Is it worth applying for the program? It’s a very rigorous program and I can’t possibly work through it. I’m also on only 1 income at the moment so I’ll be responsible for covering living expenses for my self and my mother who lives with me.

This job will give me such a good quality of life after , but I’ll like come out owing $400k since interest on my current loans will keep accruing while in college.

[democracy id=”373″]

Filed Under: Finances

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