Biglaw & Loan Repayment Forum

[Desert Fox]

[emciosn]

Nah that's not how it works. 10 year is fine too assuming you are saving and investing the money you would have been paying in loans.

Yeah I was thinking more about saving for a down payment for a house, getting started on retirement savings etc.

[BiglawAssociate]

Pay it off ASAP. If you're worried about LRAP or PAYE or whatever, just keep them federal loans.

I had six figure loans. Paid it off in around 2 years or so by living cheap. Also maxed out 401k at the same time and saved some money. Always max out your 401K.

Postponing it means you'll accrue something like 500k debt in a few years, which is retarded even if you think you might do gov or PI. You can't buy shit with that amount of student loans.

Also who the fuck buys a house with massive student loans? That's a poors move. Pay off your loans first before buying a house with a mortgage.

[trey ohh five]

Question about the 10-year forgiveness with government jobs, do the 10-years have to be continuous? Also, do they have to be in one agency or can one switch offices?

[lapolicia]

Question about the 10-year forgiveness with government jobs, do the 10-years have to be continuous? Also, do they have to be in one agency or can one switch offices?

The 10 years do not have to be continuous. The can be with any agency/or other qualifying organization and don't even have to be attorney jobs. You can be an attorney at DOJ for 5 years, go into biglaw for 2, and then become a teacher for the next 5 and your loans are forgiven under PSLFP.