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Updated over 4 years ago on . Most recent reply

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Leanna Hutto
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Pay for grad school without loans or save for a house?

Leanna Hutto
Posted

I am a 25 year old registered nurse living in Atlanta, GA. I am currently in grad school to get my MSN to be a nurse practitioner. I have paid for and completed 3/6 semesters without taking out any loans. The only debt that I have is $9k left on my car loan. I have read various real estate books including the bigger pockets ultimate beginners guide. I plan to start my real estate investing journey through house-hacking as I will be a first-time home buyer. As of now, I have 3 semesters left of grad school costing approx. $6k per semester. Outside of my Roth IRA, I have about $6k saved up for a house. If you were in my position, would you take out student loans for the remaining 3 semesters and put more savings into buying a house, or would you finish paying for school without taking out loans and start saving once school is completed? I am eager to start my journey as an investor, but I want to consider all factors and set myself up for success.

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Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
1,186
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Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
Replied

Might not necessarily be the "most optimal" way necessarily but I would just pay for school without taking loans if I could and pay that car off as well and hopefully you are making more money after all this and can save a bit more and faster.

Good luck

  • Twana Rasoul

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