Hello! Today, I have a great debt payoff story to share from a reader, Kristin Burton. She paid off $161,000 in student loan debt in 16 months, and also just recently paid off her mortgage. Below is her story, enjoy!
In 2016, I finished grad school with $161,000 in student loan debt.
That six figure debt created more stress than I ever thought possible.
I initially got my first job as a Physician Assistant and was over the moon excited to have my first salaried position.
However, I very quickly realized it would be very difficult to ever get ahead financially with my minimum student loan payment of around $2,000 per month over the next decade.
Even though it is well within societal norms to take out student loans to get a degree, especially a graduate degree, I experienced substantial shame over having it when it was all said and done.
My husband brought no debt to our marriage, so the major financial burden we experienced had all been thanks to yours truly.
Rather than wallow in my sorrows, I sat down with my husband and we crafted a plan to get rid of it. [Read more…]