I am 22 years old, I live in Atlanta, Georgia and I am a recent graduate. I approximately owe 22,000 dollars in student debt (all federal student loans at a fixed rate). My job pays me around 50,000 dollars annually. I am currently living with my parents, however, I will like to own a home soon.
My question is, if it is better to live with my parents until I can pay off my student debt and collect enough money for a down payment on a house or should I go about paying my student debt monthly for the next ten years or so and go ahead and purchase a home when I am able to save up enough money for a down payment?
I am hesitant in going with the former because 22,000 dollars is a lot of money and hard work. However, I don't think it will be in my best interest to pay 250 dollars every month for the next ten years.