If you make $300,000 a year, how long should it take you to pay off your student loans? (Ivy League undergrad and law school)
by 
Someguy
ANSWERS: 5
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You are missing a vital piece of information here.
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ummm how much are your loans dude?
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Hmm, well income tax takes away half of it, and then if Obama is elected, probably 50-75% will be taken away, so you're really making 150k-75k a year. From then on it depends on your interest rates, type of loan, and how much you owe @_@
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I will start taking up a AB collection:) In Sillyville;):)
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A person making $300k a year should be able to live on $100k, leaving $200k to pay down the loans--even with a car loan and mortgage payment. With relatively modest student loan interest rates, I would think the debt could be paid off in less than three years with careful money management.
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