I'm already $35,000 in debt from my undergraduate education, but I need to go to graduate school to reach my career goals, that will be a minimum of $80,000. So I will be in debt about $115,000. Will that much debt negatively affect my credit even if I make payments on time.
Answers:
Not if you got a job after graduation that would offset you loans (DTI- Debt to Income Ratio)
If you are paying $800 a month in loans, and you earn $9000 no problem. If you work for $900 a month, huge problem.
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