So, I'm in my 30's now and, after years since graduating, I'm still trying to figure out how to pay off my student loans, faster. For instance, I've heard about people who managed to earn enough income on the side (a.k.a., in addition to their monthly fixed income) and they managed to pay them off in just a few years. I'm still wondering how they did it, so if anyone is willing to brainstorm some ideas with me on the subject, please, I'm all ears
I'm actually looking for an alternative to pay them off and I decided I'll opt for consolidating my student debt. I already have a job and earn quite well, actually, but still, managing multiple monthly payments is quite confusing. Not only that, but I believe that, if I can find a good refinancing option, I might even save a few thousand dollars on the interest payments!
I’ve been paying off my loans for the past 5 years and I’m almost debt-free so I wanted to share a few things that helped me out a lot. I paid off my private loans first because the interest rate was killer (8.5%!!) I looked online and found Evoshare which helped me with the interest payments. Pretty much, this company helps pays off your student loans when you shop. Loved it! I put everything I spent into a spreadsheet and looked at places I could spend less or just not at all. Saved a couple hundred bucks a month right off the bat. Right now my private loans are all paid off (hooray!) and I converted my Fed loan onto an income-driven plan. Hope this helps!
