CALCULATIONS NEEDED!

Simis parents have advised her to stay in school and take student loans to finance her studies since she doesnt have to pay interest until after graduating. Simi agrees that the interest rate is low at 3.15% (0.50% below the current market lending rate), but she is still hesitant to borrow an estimated $25,000 per year to study for three more years. She is especially concerned that she isnt sure about her career direction at this point. While getting a steady employment offer seems appealing in some respects, it is still difficult for Simi to imagine herself being committed to a career for a prolonged amount of time, even if the expected starting salary is $40,000 with 4% average annual growth for ten years afterwards.