You and I have not always seen eye to eye. Some days you think I should owe more than I do. Some days I just casually forget to pay you, but you are always there, and I think it’s time we consider breaking up. It’s definitely you, not me.
I have taken out a student loan from the federal government every year since 2006. That’s NINE LONG YEARS OF ACCUMULATION. Now, at $73,421.30, I’d say I’ve collected enough of your junk. According to Navient, I can be rid of you by 2040 by paying the minimum due.
I will be 52 years old. Maybe I will get lucky and stay in this one non-profit job for the next ten years and be able to have the government waive the rest of my payments due. Provided I make 120 consecutive ones before hand on time, and assuming this type of loan forgiveness even exists ten years from now. Nothing like being 38 and paying off my student loans from 20 years ago.
Instead, I think I’ll try something a little different.
Instead I want to try and pay off my student loan debt in five years. It’s going to be difficult. I may need to do a little side hustle here or there, and I definitely won’t be able to go to Dunkin Donuts on the regular, but it will be worth it.
I am worth living a debt free existence.
And in five years, I won’t even be thinking of you.