Did some looking around and it appears that there hasn't been an in-depth thread about this topic in a while, so curious to see what input everyone has.
Background:
Just graduated in May and was fortunate to land a FT IB role following my time as a SA last year. Obvious EOY bonus numbers could vary, but at the end of the day I should be sitting at 110-140k pre-tax. I have $60k in student loans, a 750 credit score, and no additional debt (CC, Auto, etc.)
Really just wanted to get some insight on strategies that some of you have utilized in repaying your debt. I obviously want to Refi ASAP and get a more attractive rate, but maintaining the right mix of debt and investments is very important.
There is a slew of companies that offer refi services (sofi, citizens, etc.) but I'm almost wondering if it would be better to inquire with a few different banks and get a loan directly from there.
Any advice or insight would be great. Thanks in advance!
Excuse the typos - my brain is fried from today lol
140k 3 months out of college - sheesh congrats man
In a similar situation. Could you do a solid and pull some comps for recent student loan refis? Maybe leverage some peers to establish a pricing grid. Should be favorable given our credit scores. Maybe tack on some quals pages. These could just be a summary of our compensation and qualifications compared to the average student. I can PM you my info so you can start piecing together our pro forma capitalization at about 6 months into our jobs (should highlight our increased liquidity.) If you wanna be a rockstar then show pro forma one year out (add in EOY bonus, don’t forget to show us paying down a healthy portion of the debt.) Circulate once that’s done, thx.
In a similar situation. Could you do a solid and pull some comps for recent student loan refis? Maybe leverage some peers to establish a pricing grid and revised terms. Should be favorable given our credit scores. Maybe tack on some quals pages. These could just be a summary of our compensation and qualifications compared to the average student. I can PM you my info so you can start piecing together our pro forma capitalization at about 6 months into our jobs (should highlight our increased liquidity.) If you wanna be a rockstar then show pro forma one year out (add in EOY bonus, don’t forget to show us paying down a healthy portion of the debt.) Circulate once that’s done, thx.
bump
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Also look at Discover, Sallie Mae, etc. if your plan is to pay off in next two years or so, better to get floating. Get parents to co-sign if they are in good standing - will have significant positive impact regardless of your credit score.
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