If you have a $30,000 loan balance, and you’re making standard payments on a 10-year term (we’re assuming a 4% interest rate), paying $100 extra a month gets you out of debt THREE YEARS EARLIER.
tips and tricks
Nurses have plenty of options for forgiveness or repayment programs. If those don’t work for you, we’ll end this article with five other options to pay your loans off as quickly as possible.
What if every one of those gifts had been a contribution to your student loans instead? It’s staggering when you really think about it. A pile of things you don’t need. Or the freedom of paying off your student loans.
Making payments on your student loans while you’re still in school may feel like a bit of a buzz kill. But it’s a choice that will pay you back in thousands more dollars in your pocket down the road.
Happy St. Patrick’s Day! This year instead of just wearing green, how about you celebrate by making a plan to save some green.
I see what’s happening here. You’re beating yourself up over that massive student loan balance. (How is it that it’s actually growing instead of getting smaller? #newmath?) I get it. I too have sunk into that law school student loans shame spiral. Because you are not alone.
So 2021 wasn’t exactly the upgrade from 2020 that we’d hoped it would be. No one would blame you for wishing for something a little more joyful from 2022. Some people are suggesting we try to sneak into 2022 under the radar so it can’t throw anything