What would you say is the biggest lesson you've learned with regard to student loans? I just got done paying my loans, and my oh my, what a tumultuous journey! Mine is that student loans open doors to education but can become a crushing burden if not managed carefully. Looking back, I wish I'd been more financially literate from the start. I underestimated how interest would compound and how long it would take to pay off my loans, especially when life threw curveballs my way.

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I paid off $297K in student loans in 31 months. Initially, I was only making minimum payments, but everything changed when I discovered Dave Ramsey's 7 Baby Steps to Financial Freedom. Motivated by his principles, I got serious about tackling my debt and committed to an aggressive repayment strategy, making sacrifices and staying disciplined to achieve my goal. I was debt-free for a bit until buying a house....

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I was just coming here to say this is really impressive and gives me hope because I have nearly 200k in student loan debt to pay off and it seems like I will never get it paid off.

Congratulations OP! I feel you because I just celebrated the victory of being done with student loan debts last week too! New year, new me. I realized that while education is invaluable, it's essential to weigh the cost against potential career earnings. If I could do it all over, I'd have been more strategic in my borrowing and more aggressive in my repayment strategy from day one. It's been a tough journey, but finally being debt-free feels like I can breathe again and truly start building my future.

If I knew then what I know now! I would absolutely have done things so much differently. It isn’t a regret for getting a college education, but I really underestimated how much money it was and how life can get in the way of your best laid plans. I kick myself a lot over it still just something I wished I would have done differently.

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Additional Posts in Student Loans

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

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

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

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

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SOFI or who else?

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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