I paid off my student loans 7 years early after calling my servicer - Business Insider

. That may seem like pennies to some, but I wasn't exactly rolling in dough. As an entry-level newspaper reporter, $28,000 was also my starting salary.

I wanted to become debt-free as quickly as possible, and that moment changed how I started to approach money. It made me realize that how I spent my money, even just a few dollars, could alter my future for the better.After this revelation, I felt in control of my finances for the first time since graduating college. Instead of a prison, my debt felt like a weight that was slowing me down — and I finally understood how to lighten the load.

That $10 sparked a lot of little changes, but most importantly it made me realize what was actually worth paying for. Back then, it wasWhen I got a new job, I added the salary increase to my student loans. A year later, I moved in with my boyfriend and a mutual friend. By then, I was putting 50% of my take-home pay toward my debt. Three years after my first student loan payment, I became debt-free.After I saw what a difference $10 could make, I was determined to scrimp and save anywhere I could.

My money obsession started to make me miserable. I refused to even buy things I knew would make me happy, like a gym membership or art classes. I wasI also avoided doing things with friends, like going out for drinks or seeing a concert. When anyone wanted to hang out, I would push for cheap activities or not join them.

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These Are The 5 Worst Ways To Pay Off Student LoansWant to spend the most amount of money possible on your student loans? Well, here are the 5 worst ways to pay off student loans. 1 your own money This is the most nonsensical, fever dream of an article I've ever read. It literally contradicts itself in every single paragraph. I hope Forbes' health plan covers mental health costs, for this author's sake.
Source: Forbes - 🏆 394. / 53 Read more »

My student loans ballooned by $46,000, but I'm not sorry - Business InsiderAbout 20 years post-undergrad, it's clear to me that my loans grew from a combination of my poor financial decision-making and a high interest rate CAN'T FIX STUPID. “I invested in my education, which is priceless both in terms of what I learned and the friends I made. “....sums up the student loan debt crisis very well Well, you're an idiot, sorry. Community College system in Ohio is great as I attended Sinclair CC in Dayton and transferred to Santa Barbara City College then got accepted to UC Berkeley while utilizing my GI Bill. Anybody can do 2-years at community college and transfer in-state
Source: BusinessInsider - 🏆 729. / 51 Read more »

A 28-year-old who paid off $102,000 in student loans used the debt snowball method to 'make her loans fair'She calculated that if she made monthly student loan payments as expected, she would be paying her loans until she was in her mid-50s. You guys act like this is a feel good story. It's fucking shameful. What kind of country makes their population go into tons of debt just to get an education America is not a first world country. Back in the Day it would be a house paid off.
Source: BusinessInsider - 🏆 729. / 51 Read more »