Quote:
Originally Posted by sunedog
With their expected combined income, they will probably pay it off in a few years.
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I seriously doubt it. Those that graduate with a medical degree don't make any serious money for at least 10 years.
Their combined income for the first five years probably won't exceed $200K. Making a dent in $1M is going to be a long and arduous task. The interest alone is probably $30K per year.