How many more years left until you are student loan free?

like
Posting as :
works at
You are currently posting as works at

I have no student loans. My wife has 21k. I have the money sitting in index funds so that when Biden leaves office we'll pay them off. If he pushes theough student loan forgiveness, i wont pay more taxes and be holding my **** in my hand.

likesmarthelpful

Very smart way to go about this.

I paid mine off 2 months ago!!!!
I was in debt for 8 long years and had six figures. I’m free now though 💪

uplifting

At graduation, I told myself I wouldn’t pay them off. I’ll just pay minimum for the 20+ years. But then my brother inspired me. So F it. I drained my savings over 3 years and yeah. Here we are, feeling like I made the right decision 😊

I really think I can have them all paid off by the end of 2024. I'm simultaneously working on paying off my car note and my student loans. I want to be debt free by 2025.

like

That's awesome - congrats!!

I'll be dead before mine are paid back..

funny

That’s my problem plan.

I haven't made a payment yet, so I think it will take me about 5 years at this point. If I pay $500/month every month. I don't even want to think about it though.

5 years is not too bad at all!

like

I’m shooting for the end of 2024 - just $5K left. I could probably do it it faster but I’m tired of hustling so hard.

That's amazing! $5k left must be a great feeling. How much did you start with?

I worked and paid off the tuition while I studied so no student loans to speak off. Thank God for that!

Wow! How much money were you making to be able to pay them off while also affording rent/groceries/etc?

like

One year, approximately. $60k left. I’m going to be 39 and will have been paying for over 17 years.

All of the above. Yes!

Mine were forgiven in August. Between undergrad and law school, I spent 31 years in repayment. I had a little under $22k left, which would have taken 5 years to repay. I also did not get the benefit of the payment pause due to having older [commercial ffelp] loans until July. I don't get any of that money back.

IDR has me on there until 2037

Related Posts

Can anyone tell me where I can declare a home loan in the Payroll portal?

I am a little confused...

like

Have 700K USD worth of invested assets (less real estate, cash/receivables, and precious metals). if I need 4K USD per month for expenses, can I now coast?

like

How much are we expected to lose in this VPB post tax? Any ballpark percentage estimate?

like

For those of you who got out at 10, do you wish that you rode it out to 20? I’m at a crossroad and I’m not sure what to do. Have some active/reserve time, wrapping up graduate school, and am now considering either a) come back to the business world or b) go active and retire before 50 and live off a nice pension. Obviously there are draws to both. I’m an officer for what it’s worth so I can realistically retire at O-5, MAYBE O-6.

likesmarthelpful

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

Starting at EYP next week, got a question about independence since recruiter and external site isn’t helpful at all.

There seem to be different categories of restricted securities. Do I divest them all or only the ones falling in specific categories ?? Thanks

Post Photo
like

Is 80k cash + 20k company share a good deal for a junior dev role in the bay area?🙏

like

I have a total taxable income of 1978050 for. Which I need to pay 330915 as a tax as per new regime.
I don't have any investment and also as working from home living in my home town so no rented house.
Please help me to save some tax
TIA

like

Hi fishes

My package is 25.5 LPA fixed. Can someone suggest which tax regime would be better for me. As of now I do not have a home loan to claim tax benefit.
Also what could be the in hand salary in my case.
PF deduction : 153000

like

Thoughts on SoFi bank?

like

I get Waddle & Pollard, I give away Mattison and Davante Adams. Good or bad trade? I am 0-3.

like

Wanting to take advantage of the current market. 20K to get going. What are good passive income ideas in todays economy? What would you do?

like

Guys, I had very less HRA for April 2022 till August 2022. I was showing 1 lac annual rent .I joined new organisation in sept and now HRA is 43000 per month. Would that be okay to show high rent as 30000 per month to my wife as landlord. Earlier I was paying 9000 rs per month to different landlord. @ IBM

like

401(k) gurus - If I switched jobs in 2020, does the $19.5k pretax 401(k) contribution limit apply to each plan or is it across plans? Also, does it matter if my spouse (joint filing) is self employed and bootstrapping and is not enrolled in a 401(k) plan?

like

Anyone actively monitoring their credit score ? Which service provider do you use? How much should i pay?

like

Other than Airbnb, what is the best way to find month to month rental options?

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

How are you planning to close education loan for MBA. Is tax saving worth the stress of loan.

What is the *prime* amount of money to bring you happiness?

like

Opinion on the Milton (Cambridge high) vs Suwannee (Peachtree ridge high) to buy a house? Have a 3 yr old.

like

More Posts

Switching from consulting to product managment role. Any recs for prep (books, online courses, etc.)? Thank you!!! 😊😊

like

How much max Nagarro can match counter for senior engineer?

YOE - 4.7
Offered - 18 intially
Tech stack - .NET Fullstack
Position- senior engineer

Maybe stupid question....With global slowdown, does JPMC fire any new hires?

like

Anyone else feel the customer service at W hotels is really bad?

like

What is your opinion of expected base salary for a Director of Global Operations Risk Management who has managers who are leads for each region (US, Latin America, Europe and Asia)?

Ps this is for a major global insurance company!

like

How many days before joining date does Sigmoid Analytics sends laptop to employees?

like

How is CITCO?

like

Hi all,
Recently gone through a ICICI bank debt manager DSMG interview, they told will provide non industry matching hike because my last switch was just 6 months ago. How much should I expect?
Currently working as collection manager at HDB financial services Ltd, CTC-5.1, Work exp-4.9Y.

like

New wage code...what is in it for us?

like

Oral surgeon recommendations in the area? I need to get my wisdom teeth removed.

like

PwC Toronto assurance: being offered a job as a transfer from the US. I’ll be transferring as a senior associate 1 (aka this is my promo year). I’ll be either tier 1 or 2 since I’m an easy promote here in New York. I was offered 61k CAD assuming I’m tier 3. They said they might adjust it if my rating comes in higher. What should I expect if I were either tier 1 or 2? Trying to minimize the salary reduction…

like

I joined a new consulting firm and have been here for 6 months. Recently, a SaaS client (1k employees) that hired my old consulting firm reached out to me about a job opening - Lead BA working primarily to implement their benefit admin system for insurance companies. My current TC is 95k. Is it worth making the jump if the offer is north of 110k? Anything I should look out for? The client and coworkers were all nice, but I remember being stressed on the project due to limited resources.

like

I am looking out for job , have 10 years of IT exp . And a certified sfmc consultant too.
Please DM me for any opening.

Need some advice. Had final interview with practice lead on Wednesday but haven’t heard back from HR. Is it bad taste to send him a thank you note and wishing him a good weekend?

like

What is EY's PC onDemand ? Why would someone not opt for a laptop and choose this option during onboarding?

like
like

Hello folks. Anyone working for Accolite digital and provide me company reviews in terms company benefits like health insurance, notice period, leaves policy, remote work policy, and cab facility etc.?Accolite

like
like

Helloo 🎏 .. need your thoughts on below 👇

Post Photo
like

Additional Posts in Student Loans

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

like

If you could go back in time what would you tell yourself before taking out student loans?

like

Damn LIBOR rate up again...

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

like

Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

SOFI or who else?

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

like

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal