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Ladies, how long did it take to pay off your mba loans? What was your monthly contribution? What do you wish you knew when you first started making payments? What not to do?

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Paid off $64K in 1.5 years by being really frugal and putting all excess cash into loan payments. Having a nice post-MBA salary definitely helped. My one change would have been to start making payments during school even though you technically don’t have to start until 6 months after graduation. That way the additional $4K of unpaid interest wouldn’t have been capitalized (added to the principal balance of the loan). I had a relatively high interest rate and was eager to get them off my books. If you have low rates, you can take your time. And if you have high rates, refinance! Best of luck!

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It will take me about 12 years when all said and done. I balanced trying to also save for a down payment and retirement instead of putting all to loans (graduated with Mba at 33 so had some catching up to do). $165k debt for reference

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I graduated recently with $50k in loans. It’s financed at 2.8% so I will let it go for 7 years at the regular payment installments so that I have the cash for other investments. I have the cash to pay it off currently but doesn’t make sense to do so at this interest rate. Instead, I’m buying rental properties for passive income. I paid the rest of the MBA in cash.

I have about 5 years left. Graduated in 2018 with ~$200k in debt. Was planning to pay earlier, but just refinanced to 2.17%, so there is no reason to pay more than minimums (my minimum payment w newly refinanced loan is $3k/month).
My tips:
1) Refinance any loans over 4-5% to one singular loan
2) If your rate is higher than 5%, pay the maximum you can possibly pay
3) If you can get rate down to 2-3%, pay minimums - I have $160k left and will only pay a total of $7k interest over the next 5 years, no reason to max out payments anymore (my max payments were $4k/month)

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