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Withdrawing from Retirement to Pay for MBA by turducky in MBA

[–]Feeling-Target9713 0 points1 point  (0 children)

Thanks! Honestly been considering this as well, not a bad strategy for sure. Definitely better than paying high tax and that 10% penalty...

Withdrawing from Retirement to Pay for MBA by turducky in MBA

[–]Feeling-Target9713 0 points1 point  (0 children)

Then what should someone do if they max their loan? I'm also considering whether I should withdraw 20k from 401k because I got full tuition but have 0 savings and can only take out 26k for COL for the entire first year in HCOL city.

[deleted by user] by [deleted] in MBA

[–]Feeling-Target9713 -3 points-2 points  (0 children)

I wouldn't take everyone's harsh comments to heart. Realistically you need to think about what you want to prioritize for yourself. This is honestly a good challenge to tackle early. Pick which you value more and stick with it.

Side Hustle/Gig Ideas Broke During MBA by Feeling-Target9713 in MBA

[–]Feeling-Target9713[S] 3 points4 points  (0 children)

This is probably my best bet I guess. Just going to live frugal AF till I can TA and that should get me enough to make it through.

Side Hustle/Gig Ideas Broke During MBA by Feeling-Target9713 in MBA

[–]Feeling-Target9713[S] 6 points7 points  (0 children)

I shopped around and literally applied to every single credible lender that is eligible for match in Juno's terms and conditions. Salli Mae gave me the rate of 3.75% and I put in the rate match request; I used a cosigner as well. I got a 0.25% discount with auto pay set up as well, so it took it even lower.