Welcome to my August 2018 student loan debt progress! If you are new here, every month, I post the progress I’ve made on paying off my student loans. I do this to hold myself accountable and to share my debt progress with others who are also facing debt payments of their own. Debt paid this month: $2,000 Debt remaining: $96,171 Check out my debt progress so far from the very beginning here. FYI: I am on the REPAYE program which…
Welcome to my July 2018 student loan debt progress! If you are new here, every month, I post the progress I’ve made on paying off my student loans. I do this to hold myself accountable and to share my debt progress with others who are also facing debt payments of their own. Debt paid this month: $13,000 Debt remaining: $98,004 Check out my debt progress so far from the very beginning here. FYI: I am on the REPAYE program which…
As you may know, I’ve been paying my student loans aggressively for the past year now. While there will always be room for improvement, I’m proud of the progress I’ve made so far. I went from a six-figure debtor to a five-figure debtor exactly one year since I started my loan payments. While I consider my frugal habits to be the number one reason for why I was able to put $73,000 into loan payments in one year, I also…
Welcome to my June 2018 student loan debt progress! If you are new here, every month, I post the progress I’ve made on paying off my student loans. I do this to hold myself accountable and to share my debt progress with others who are also facing debt payments of their own. Debt paid this month: $6,000 Debt remaining: $110,806.26 Check out my debt progress so far from the very beginning here. As I predicted, I made fewer contributions to my loans…
I love my loan repayment plan. Not many people can say that but not many people can also say that they are able to make $0 monthly payments with interest rates cut in half. I can and that is why I love the REPAYE plan that almost everyone with federal loans is eligible for. REPAYE stands for Revised Pay as You Earn. It is an income-based repayment program offered for those with federal loans. It is the newer, more inclusive…
With graduation season around the corner, you are probably filled with excitement to finally finish two decades worth of education and finally start entering the work field. Maybe you are currently struggling on the job hunt or feeling anxious at starting your first “adult” job. But there is also a hurdle coming your way. Now that you’ve graduated, you have to start paying your student loans. While you may be tempted to put off thinking about it while you’re in…
Having trouble deciding which debt repayment option is right for you? Maybe you have heard the terms “debt snowball” and “debt avalanche” repayment methods being thrown around. What are they and which one should you choose? I will go over all that in this Debt Repayment Guide: Choosing Between Debt Snowball vs Debt Avalanche. When I graduated from grad school and looked at all my loans (check out my first debt statement to see what I started with), I was…