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Why I’m Paying Off My Student Loans Today

Why I’m Paying Off My Student Loans Today

When I moved to Washington, D.C. with nothing but two suitcases, I brought with me almost $20,000 in student loan debt. I knew I had taken out student loans during college, but like so many bright-eyed, bushy-tailed graduates I had no plan for how to pay them.

For starters, I wanted them paid off early – by 2018. I absolutely did not want these loans hanging over my head for a decade. Five years would be plenty of time to make steady monthly payments while also building up other financial priorities. So I plugged my timeline into Mint and devoted any extra funds I could toward paying down my debt.

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