Comments on: Am I Heartless? http://www.midlifecrisismoney.com/2010/03/am-i-heartless/ Digging out of debt at the halfway point of life Wed, 01 Dec 2010 18:47:20 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Lloydie http://www.midlifecrisismoney.com/2010/03/am-i-heartless/comment-page-1/#comment-312 Lloydie Wed, 10 Mar 2010 23:07:45 +0000 http://www.midlifecrisismoney.com/?p=235#comment-312 The interest rate on student loans is ridiculous, especially when average interest rates are lower. I don't have a problem lobbying for better rates. Still... It's hard to be empathetic about a large debt that, assuming you can make it through med school, will enable you to pay for becoming a doctor. I have a substantial amount of student loan debt that I took on so that I could become a minister. I did it knowingly, understanding full well the amount of money I would have to pay back. It's been a drag on our finances, for sure. But it's also enabled me to meet and work with some great people (present company included!), live in different places, play music for a living, etc. So, for me, what I've paid (and will continue to pay) for all of that is worth it. The interest rate on student loans is ridiculous, especially when average interest rates are lower. I don’t have a problem lobbying for better rates.

Still…

It’s hard to be empathetic about a large debt that, assuming you can make it through med school, will enable you to pay for becoming a doctor. I have a substantial amount of student loan debt that I took on so that I could become a minister. I did it knowingly, understanding full well the amount of money I would have to pay back. It’s been a drag on our finances, for sure. But it’s also enabled me to meet and work with some great people (present company included!), live in different places, play music for a living, etc. So, for me, what I’ve paid (and will continue to pay) for all of that is worth it.

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