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Hello! Anyone work at GE Healthcare?
Do you do it (more) for the pay or for the job?
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99k in 6 years. Set my final payment at 5 days before my 30th birthday and worked backwards from there. Put all bonuses towards payments and increased monthly when I was promoted.
Used the snowball method attacking highest interest first and made minimum payments on lower APRs. Tracked diligently in my excel models and stepped into my 30s without owing a dime to anyone.
Totally agree, I couldn't pay on my loans in school, my jobs went toward keeping myself alive ha. But if at all possible, make interest only payments while you defer.
B-school with $143k of debt, graduated in 2017. Paid it all off in Oct 2019. Feels great to be debt free!
I honesty think the probability of Congress doing something is greater now than pre covid. 2 years ago I wouldn’t bat an eye. In this environment now, and new election coming up, trump might do the unthinkable. Biden already has a plan he wants to implement to address student loans. To be clear, I am paying mines off, but I’m starting to feel if this cash can go to the market and buy at the lows, pay the minimum until someone does the unthinkable
Haha. Well, had $52k 10 years ago. Now have $50k. Oops. 😬
This makes me grateful that I was able to get promoted to SA, making $175k, without having to go B school and incur such a heavy debt load
$280k?? And the president you hope will reset that is the crazy left wing nut?
$0 I would like to thank the tax payer for picking up the near $240K bill for me to go to school...GI Bill
Worth every cent! Thank you for your service
I had 120,000 in student loans and it took me 5 years to pay it off, but to do so I had to pool savings with my wife. So I'd say 50k in 2 years is freaking stellar. After 2 years, I had paid off zero. I only started paying it off in the 3rd year as my income increased, and 98% of it was paid off in the 5th year as one big payment. I originally was prioritizing creating a bloated emergency fund over paying off my loans, since I graduated during the Great Recession and was paranoid about losing my livelihood). But by year 5 I threw caution to the wind and went all in with dumping the loans. There's really no right or wrong way to go about it. The speed you get rid of them is based on your unique circumstances and goals. Good luck!
Especially in a NYC
I started with ~$22k. I came out of undergrad right after the 2008 recession without a job. Because I didn’t have a job, I decided to start grad school and didn’t have any scholarships. Undergrad cost $9,000 while one semester of Grad was responsible for the rest. I found a position with about 6 weeks left in my first semester of grad, so I withdrew and started 3 weeks later. I paid off the $22,000 within one year. I didn’t buy that new car that every graduate purchases, I delayed taking vacations, and I worked in BFE to get a higher salary. It sucked, but my rates were near 8% so I had that guaranteed return. It seemed worth it to me.
We had nearly $160k. We were very aggressive and paid off in about 8 years. All bonuses, tax returns, etc. went to them. And we always paid significantly more than the minimum. Good luck. It’s daunting but the feeling you get when that last payment goes through is incredible!
Graduated with $30k and paid it off in 2 years on $60-65k salary. As long as you're not pulling in upwards of $150k, I'd say that's good progress.
Graduated with 23k. Year and a half later I have around 9k left
I feel like I’m way behind. Finished grad with 21k at 23. I’m hoping to be done by 27
You’ll be fine. That’s like an average car payment situation.
I feel inadequate looking at this thread.... $29k and I’m gonna over pay on payments but the method I’m on is estimated at I think 9 years
I owe 70k and barely make that much. Therefore, I will be paying for thr next 10 years or so. I am shocked at some people here owing 100k qnd paying in less than 3 years. More grace to their elbows lol
Vanderbilt gives enough aid to not have to take loans. Matter of fact, they have a no loans policy.
60k in 4.5 years
110k - paid off in 14 months
Undergrad, graduated with $37K. Paid them off in 2 years living at home. I did buy a car during that time and I was still saving pretty healthy in my 401K.
Post MBA, graduated with $110K. Refinanced to a lower interest rate and shorter loan term. Goal is to pay it off in 3.5 yrs while living pretty comfortably.
75k in 3.5 years
I’m inspired by the lot of you, I’ve got just over $65k to pay off
140k and on track to pay off in a year (right now 2.5 years post graduating)
Did anyone refinace their student loan these days and what are the good options?
We did for private only and got 3.5%. It’s a good time to shop around.
Had $125k when I graduated with Bachelors about 6yrs age. Have about $30k left. Been paying aggressively but not taking extreme financial measures.