I have a hefty six-figure student loan and I make $150K a year. I'm currently 23 and feel like I’ll be paying back till the late end of my 30's maybe even 40s. I'm pretty sure a lot of us go through this but somehow I feel super alone in this situation. Here to ask if this is all but normal or if am I in a particularly bad place. If any of you have been in the exact/similar place, could you offer some motivation or tips on how I can get past this faster or at least with more peace of mind?

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I have a 6 figure student loan and make way less than you! I am not worried about that loan! I am doing my best to pay it back!!! Do your best and don’t worry!!! Look at it like it is a utility bill.

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Same for me, and I agree with your perspective!

When I was 23, I had about $80K in student loans and was making $54K in a VHCOL city. I could only make minimum payments for 8 years and tripled that debt (two masters degrees including an MBA) at the age of 31, but I almost more than tripled that income coming out of the MBA program.
I made aggressive payments once my MBA was complete. I am now 39 and paid off all my loans the month before I turned 39, the month before I had my second child.

There is an end to your loan payments, but you have to look at it as just another bill until you get closer to being able to pay it off. You are making way more than most people your age. When you get lump sums like bonuses, use those to pay your loans. Prioritize these loans. You are in a position (assuming without children, etc) that you can pay your loans more quickly. But also, don’t let life pass you by.
I still took budget vacations to amazing places, got grants to go on all the cool b-school trips, and had a great life in my 20s and 30s. Even with loans.
You got this.💪

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How much were the aggressive payments and at what salary were you making? Trying to do the same, myself, and it’s so daunting, particularly given the trajectory of the economy

I've saved 50k from ages 23 to 26. I currently make 140k, but I started out making only about 80k a year.

Save up your money and get ready to drop it on your loans. You can absolutely knock out 120k of student loans in 7-8 years.

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I am 34 and am still paying them down and it doesn't feel like I have even put a dent in them. I was really hoping they would cancel student loans so I wouldn't have to worry about it but I dont' think that is going to happen unfortunately.

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Start paying a lot more than your minimum payments now, you should be able to pay it off with WAY less interest that way

Send me a dm now, let’s work something out

How do you make that much as a csr at 23?!?

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If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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

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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!

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Does having student loans impact your ability to get a mortgage?

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SOFI or who else?

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

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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.

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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?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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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???

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

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