(Closed) Baby before paying off student loans??

posted 7 years ago in Babies
  • poll: Have you/would you start TTC before paying off student loan debt?
    Yes : (272 votes)
    67 %
    No : (80 votes)
    20 %
    Maybe : (50 votes)
    12 %
    Other : (3 votes)
    1 %
  • Post # 92
    Member
    9053 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    We did.  We make a good income, and are able to service all our debt with very little problems.  However, our particular student loans are at a very low interest rate, and the intersest is tax deductible, and we were still paying them off on schedule.  It just didn’t make sense to pay them down even if we had the means because the interest rate was lower than our mortgage, and less than we’d get by investing the extra money we’d be putting towards them.

     

    Post # 93
    Member
    1351 posts
    Bumble bee
    • Wedding: March 2012

    @eholden:  Damn. This touched me. I have 100K+ from law school, we don’t own a home, we live in a townhome, and we own both of our cars. If we waited to pay off my student loan, save for a house, save for entire cost of raising kids, we wouldn’t have kids. Nor would we have our parents around to be grandparents, or the energy to do fun things with them. I guess people’s priorities are different, but I’m in the camp that as long as my student loan gets paid on time monthly, our bills are paid, and we have something going to rainy day whether it’s a couple of hundred or couple of thousand we will feel comfortable to start trying. The house and student loan payoff will come. Thank you for sharing your story.

    Post # 94
    Member
    1577 posts
    Bumble bee

    We both have lots of student loan debt, but we are still financially secure with no problem making payments towards them. So yeah that debt doesn’t really bother me. I’m preggo regardless 🙂

    Post # 95
    Member
    688 posts
    Busy bee
    • Wedding: October 2012

    @lalabee27: Yes, because the only way I am going to pay off my college debt is by winning the loterry. Since I do not play often I guess that will never happen. I make like 30k and have like 100k in school loan debt. I feel like my college education was a waste of time and money

    Post # 96
    Member
    431 posts
    Helper bee
    • Wedding: January 2014

    @AmyFarrahFowler:  +++1

     

    Paying your credit off slowly can be great for your credit, making house shopping easier as long as you pay the bills. People make having children to be more expensive than it has to be! I will be going to medical school next year, to gradute in 3 years after that. I plan on having a baby soon after I graduate, since I want to make sure I have a healthy egg and sperm and I already feel mentally ready at 21 years old (however not financially yet).

     

    Personally, I would rather have the second-hand gifts everyone has instead of the expensive all brand-new items. I like cloth diapers as well and mint condition clothing (since they’ll out grow it so fast). This saves thousands of dollars!! You can see where I’m going with this… Most people make it seem so much more $$$ than it really is if you have just one baby. 

    Post # 97
    Member
    2135 posts
    Buzzing bee
    • Wedding: September 2012

    If I were to wait, I would be waiting way too long (like 9 more years!). So no, we are not going to wait.

    Post # 98
    Member
    870 posts
    Busy bee
    • Wedding: June 2013

    Fiance is in a huge rush, I’m not.  We wants to have kids like right now (we’re not even married yet), but I want to have our student loan debt paid off before we start TTC.  We’ve compromised by saying we’ll have about half of our debt paid off before we start TTC.  Not ideal, but whatever.

    Post # 99
    Member
    452 posts
    Helper bee
    • Wedding: May 2013

    I’ll probably be paying off student loans until I’m way past child bearing age (currently 27) so we will def be TTC before they are paid, although I will make sure we are otherwise finacially secure.

    Post # 100
    Member
    85 posts
    Worker bee
    • Wedding: November 2016

    I have over $100K worth of student loan debt and it will be 10+ years before I have it completely paid off.  That will put at me at about age 40, which is a little late for babies.  We are financially secure, own our home, and are able to save quite a month even with my student loan payments.  We plan on TTC about six months after our wedding.   

     

    Post # 101
    Member
    1471 posts
    Bumble bee
    • Wedding: May 2012

    We won’t. We’re really young, early 20s, with very little student loan debt, so there’s no reason to put off paying it and the clock isn’t ticking. I can see how in different situatious things would be different though.

    Post # 102
    Member
    678 posts
    Busy bee
    • Wedding: November 2011

    My husband and I are now 21w1d and we both have significant loans from law school (and undergrad for me).  We planned our pregnancy and made sure that we’d not only be able to support ourselves, but our family. 

    We are federal employees, so our federal loans will be forgiven after 10 years of service…so, that will definitely lessen the burden!!  Until then, it’s about budgeting and planning accordingly so that we stay above wate and still have  a great quality of life!

    Post # 103
    Member
    6512 posts
    Bee Keeper
    • Wedding: September 2012

    @eholden:  Thank you so much for sharing your story!

    Post # 104
    Member
    567 posts
    Busy bee
    • Wedding: May 2013

    Yup, if I waited to pay off my student loans, I would be so far past a feasible age to bear children it would be laughable. 

    We are actually planning to try next year after the wedding.

    Post # 105
    Member
    351 posts
    Helper bee
    • Wedding: August 2013

    It would be nice but that would never be the only reason I would put TTC on hold (if I was able to still able to afford the costs of a child)

    Post # 106
    Member
    160 posts
    Blushing bee
    • Wedding: August 2013

    As long as I was still able to make student loan payments and save some money, I would not feel it necessary to wait until they were completely paid off. 

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