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How I Paid Off $20K Of Loans In 2020
It’s definitely possible to pay off your loans early if you create a plan that works with your finances and stick to it.
This is probably one of my biggest accomplishments of 2020, aside from working on my mental health and development. I graduated college with a total of $60K in student loans back in May of 2018 and once I started working it dawned on me that eventually I would need to pay all of this back plus interest. At 22 years old this was quite overwhelming.
Disclaimer — the information I’m going to share with you guys is for informational purposes only. This is not to be taken as financial advise since I am not a financial advisor nor do I have a license to advise people on what to do with their money. If you need assistance with your loans, their terms and conditions please reach out to a professional for help.
Now I do want to clarify a couple of important details about my loans because the truth is not all student loans are the same. All of my student loans are with the department of education. I did not go to loan services like Sallie Mae, or get a private loan from a bank. Essentially this gave me a few benefits. For starters I have no co-signers so if anything were to happen to me a.k.a I pass away or lose the ability to work, there are…
