This is my first post in this thread, if this type of post doesn’t belong here please let me know and I will promptly remove it.
I am in a dilemma. I am going to dental school and I am looking at ~100k/year tuition and all living expenses. I am going to take the 50k/year unsubsidized loan from the government. The remaining balance for year 1&2 I will use my savings.
The question comes in for years 3&4. Should I use my Roth to pay for the remaining expenses. I can use the exception for educational expenses to use my money penalty free. I am just not sure if that is the wisest decision.
I am leaning towards doing so as taking private loans even with good credit score could be at 7-9% interest without co-signer. Ultimately it would depend on if the market is in a slump at that point and what interest rates look like 2 years down the line.
I would love to hear everyone’s thoughts on if it’s more beneficial to leave Roth money for future and just take private loans.