You might want a glorious beard, but those pesky student loans have you so depressed that not a single hair will grow. I get it. There is a debt crisis about to blow up in this country, and it is chiefly because of student loans. More and more students are graduating and finding extreme difficulty getting a job in the field they studied. Now, they have to start paying back monster student loans that paid for a degree that, in most cases, wasn’t even necessary for the job they did manage to get.
I personally now have slightly less than $50,000 in outstanding student loan debt. Dude! I’m getting closer and closer to 40, and I still owe a pile of money the the U.S. Department of Education. What’s worse is I’ve only managed to pay off about $10,000 over the past ten years. That’s pretty depressing. I have been making the absolute bare minimum payments since I finished my many degrees, and the balance comes down VERY slowly. Today, I’m going to tell you about how I got that debt (short version: very stupidly) and what I plan to do about it. Through the power of beard magic, we’re going to slay that dragon in under 2 years. Continue reading “How to pay off $50,345 in student loans in under 2 years”