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And that doesnt account for interest.
Altogether, Rosenberg spent $1,441 on interest on his student loans over the course of the loan.
Heres why the student loans were worth it for him.
Since education is expensive, youll likely have to incur student loans, which will come with interest payments.
Earning his degree opened up new career opportunities, eventually leading Rosenberg to make more money and save more.
How Do You Ensure the Student Debt Is Worth It?
Rosenberg shared his best advice for determining if the student loan debt is worth it.
The median starting annual salary for aliberal arts majorwas $38,000, while its $80,000 for computer engineering.
The amount you spend on student loans including interest payments should make sense when looking at theavailable employment opportunities.
Here are some tips that will help you get started.
My final paymentwas exactly two years and six days after graduation.
He used whatever income he had to make a dent in his debt the moment he could.
By making payments immediately, youll reduce the amount you spend on interest for your loans.
How does the debt avalanche work?
I worked to keep expenses as low as possible and made extra payments on top ofmy minimum monthly payment.
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Takeaway
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