Student Loans and Family Planning
I get that this is not a one-size-fits-all question, but I'm curious particularly for those of you with large student loan balances how that has impacted your family planning? Was there a certain magic number you got down to where you felt comfortable having kids? Paid in full? Very interested to hear others thoughts/experiences with this.
My stats: 28 F with a $61k private student loan (down from $93k) and $37k in federal loans (mostly been sitting in forbearance due to all the nonsense that's been happening). I make about $80k a year, $30k in savings and about $15k (I know, it's not great but I am prioritizing loan payoff before worrying too much about retirement) in 401k. Recently married and want kids but feeling nervous to start a family until I get these paid down.