Student loans are a thing.
It’s possible to pay them off.
Being in debt can be stressful AF. Skimm'r Autumn gets it. The physician assistant graduated with $100K of student loans. If she’d just made minimum payments, it would have taken her 10 years to pay them all off. And she’d have spent $27K on interest. But she made a plan to pay them off fast that saved her thousands along the way.
Autumn paid off her student loans in 20 months and only paid $3K in interest. Here’s how she got there:
Tracking her money: She used an online budget calculator to better understand where her money was going, and how she could cut back.
Spending smarter: She brought meals to work, didn’t buy new clothing for about three years, and even thrifted her wedding dress.
Refinancing: Autumn was able to lower her interest rate from 7.4% to 3.4%. And saved a LOT of money as a result.
Everyone’s student loan story is different. But it can help to see other people who’ve been where you are. And maybe borrow some of their tips, too.