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maleficent · 06-11-2006, 04:27 PM

It's suggested that a house downpayment be about 20 percent of the cost of the house - depending on what part of the country you live in - that could be 30K, 60K or well over that....

You'd need a place to live, so I'd probably take part of it and use it for a downpayment on a house - and live in it while in law school - maybe get a roommate or two to help with the mortgage...

I'd imagine that the interest on school loans would be a lot less than the interest on a house...

What about investing the money now - when you are ready you'll have more...

Debt isn't really such a bad thing..

06-11-2006, 04:27 PM	#2 (permalink)
maleficent Junkie Moderator Emeritus Location: Chicago	It's suggested that a house downpayment be about 20 percent of the cost of the house - depending on what part of the country you live in - that could be 30K, 60K or well over that.... You'd need a place to live, so I'd probably take part of it and use it for a downpayment on a house - and live in it while in law school - maybe get a roommate or two to help with the mortgage... I'd imagine that the interest on school loans would be a lot less than the interest on a house... What about investing the money now - when you are ready you'll have more... Debt isn't really such a bad thing.. __________________ Free your heart from hatred. Free your mind from worries. Live simply. Give more. Expect less.