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How To Pay Off Student Loans Quickly 

Marissa Lyda
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Student loan debt feels overwhelming... But it doesn't need to be around for forever! Believe me... We had $87k in student loan debt that we paid off in 2.5 years! Here's how you can work to pay off that debt sooner and become free from student loans! #sponsored
Refinance with Juno: joinjuno.com/p/marissa_

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16 июл 2024

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Комментарии : 53   
@YOON-GIME
@YOON-GIME 4 месяца назад
I go into debt tomorrow, I only owe about $8,997 of student loans. I dropped out of college that’s why, but they’ve been charging me ever since, this helped me a lot!
@jenniferb9506
@jenniferb9506 Год назад
So basically this is an ad for Juno.
@jonathan6480
@jonathan6480 Год назад
Refinancing is a very smart move - I went from 10% in Sallie Mae to 3.8% in Laurel Road.
@helenmercado5650
@helenmercado5650 Месяц назад
I got sallie mae for my pilot school $97,000 and have 8.125% interest rate. How did it work out for you, how lomg did it take to pay off your loan. I do around $940 monthy payments
@thejengallo
@thejengallo 2 года назад
So thankful for her content & content like this. This stuff should seriously be taught in high schools. I only just finished paying off my student debt 10 years post grad
@eleazararce5716
@eleazararce5716 10 месяцев назад
I have to agree with you this stuff should be taught in high school. Even when I signed up to go to the university there's a lot of questions I didn't ask and I'm paying for it but I'm getting on the ball.
@dbaces
@dbaces 7 месяцев назад
@@eleazararce5716 You got this!
@eleazararce5716
@eleazararce5716 10 месяцев назад
Your videos of blessing I just watched it. Now I'm prioritizing! So thank you for the information!
@jaelinjordan1104
@jaelinjordan1104 Год назад
The only thing is sometimes you have to pay your balance down to even start the consolifation process!
@neutral4046
@neutral4046 10 месяцев назад
Thank you for sharing
@TinaChris395
@TinaChris395 Год назад
How much did you credit score increase once u paid it off
@yvettedejesus3109
@yvettedejesus3109 2 года назад
Omg! Thank you so much! I was just thinking about student loans and was going to your channel to see if you have a video on it!
@TheBudgetingWife
@TheBudgetingWife 2 года назад
Yay!! So glad to hear that!
@credittrickscredithacks
@credittrickscredithacks 2 года назад
really enjoyed this video
@user-hu2uz5ni2m
@user-hu2uz5ni2m 4 месяца назад
This is random but where did you find your white file/paper drawer in your office?
@debtfreeF
@debtfreeF 2 года назад
refinancing has helped me save a lot of money that i would put towards my loans! instead of the money going towards interest, now it would go towards the principle
@TheBudgetingWife
@TheBudgetingWife 2 года назад
That’s awesome!!! Yes! Definitely has you pay less in interest over time and get those loans paid off sooner!
@yojs17_
@yojs17_ 2 года назад
Thanks Marissa! I think the only downside to refinancing federal student loans is that you loose all the potential payment options like income based, economic hardship etc etc, and also if federal student loans being eligible for the current forbearance. I guess you should definitely have a definitive payoff plan before you refinance.
@TheBudgetingWife
@TheBudgetingWife 2 года назад
I think refinancing private student loans has a really great potential! Federal do have additional benefits and typically lower interest rates. But it can make more sense for private loans!
@ileanacardona2248
@ileanacardona2248 2 года назад
I agree. If you’re willing to trade federal protections, potential forgiveness (when applicable) and income based repayment in exchange for lower interest rates and a shorter repayment period, then refinancing is a good way to go. But if not, I’d stick with federal loans and throw extra money toward the debt.
@Lionheart_He-Man
@Lionheart_He-Man 2 года назад
@@ileanacardona2248 Agreed, it’s a ‘catch 22’ if switching to private loans and refinancing. Need more $$$ to handle higher monthly payments and shorter term, even with lower interest payments.
@shugniquawallace3932
@shugniquawallace3932 2 года назад
Good morning have a good day
@silversebastianloh616
@silversebastianloh616 Год назад
This is very good. I recently started doing something similiar.
@georgetrudeau8096
@georgetrudeau8096 10 месяцев назад
This is great, thank you! Question: My daughter graduated this past May, and her loan payments are starting this December. She does plan to go BACK to school this fall though at a different school, for a different program. Can she/we still refinance those private loans (~115k!) and NOT have to start repaying yet? Or do we have to keep them with her current lender (SallieMae) until she's completely done with school? Thanks
@eligreg99
@eligreg99 9 месяцев назад
I think she should not go to school with 115k in debt.
@Nini7181
@Nini7181 7 месяцев назад
I think it makes more sense to take paying down the debt while she's currently in school if she really wants to go back. By the time, she graduates she would have paid off most of her debt.
@Lionheart_He-Man
@Lionheart_He-Man 2 года назад
Good video!
@ladycaska2104
@ladycaska2104 2 года назад
Hello! The link you've provided in the desc box says it doesn't exist.
@TheBudgetingWife
@TheBudgetingWife 2 года назад
Just got it updated! So sorry about that! joinjuno.com/p/marissa_?grow=marissa_
@n.rhymes9084
@n.rhymes9084 2 года назад
Did you guys having sinking funds when paying off debt?
@TheBudgetingWife
@TheBudgetingWife 2 года назад
Only a few!
@kyeezy8821
@kyeezy8821 2 года назад
hi the link doesnt work yet! just sayin. thanks for the info !!
@TheBudgetingWife
@TheBudgetingWife 2 года назад
Just got it updated! So sorry about that! joinjuno.com/p/marissa_?grow=marissa_
@DCProductions77
@DCProductions77 Год назад
This really didn't explain anything
@jimfranzetti4679
@jimfranzetti4679 Месяц назад
I like this better than asking the taxpayers to forgive student loans.
@kendravoracek3636
@kendravoracek3636 2 года назад
@pratikn7111
@pratikn7111 8 месяцев назад
Hi, I am from India planning to study in UK January 2024 intake. I have taken an loan amount of 30 lakhs that is 30000 GBP. Can I will be able to pay back the loan amount after my graduation, by working in UK? 1 UK pound = 100 Indian rupees. My monthly emi is around 490 pounds which means 50 thousand Indian rupees. Is it easy to make money in UK and send back to India as the currency exchange rate is high?? Please reply!!!!
@rakshar3494
@rakshar3494 5 месяцев назад
Hi, I’m done with my masters in the UK. I have taken student loan as well. If you’re asking about jobs in the UK it totally depends on what subject you chose, what experience you have. Finding a job in the UK is quite hard. None of my classmates managed to find a job till now. We are 2022 September batch.
@pratikn7111
@pratikn7111 5 месяцев назад
@@rakshar3494 Hi, Thanks for reaching out. In the UK even to find a part time job its too hard. Do you have any advise? How can I get job?
@michaelevans4139
@michaelevans4139 6 месяцев назад
Just got married and owe 80k in student loans lol
@jragon9215
@jragon9215 2 года назад
I know how to discharge and get student loans forgiven quickly, not to brag but I think that’s better and easier.
@africanislamicbeauty
@africanislamicbeauty Год назад
Feel free to share with the class
@gieco1965
@gieco1965 9 месяцев назад
Help me
@TheKillerzone24
@TheKillerzone24 Год назад
Hi marissa i have a question I’m a 26 year old college student and I’m about to graduate next year and I have a small subsidized loan of 4k do you have any advice for me. I know you would probably say that’s nothing lol 😄. Thank you and congratulations on being debt free
@mckenziecroy
@mckenziecroy Год назад
start paying on it now, since there is no interest right now. You can even finish paying it off before you graduate if dilligent. :)
@princesskaitlinhazelwood4703
@princesskaitlinhazelwood4703 2 года назад
My husband and I paid off all our student debt. I think kids borrow way too much money on school. They should consider going to community college first or living at home instead of going away. Your do not need to borrow so much. I am against large scale debt relief. People need to buckle down and pay off their loans.
@TheBudgetingWife
@TheBudgetingWife 2 года назад
Community college is a great route!!
@gabbief789
@gabbief789 2 года назад
To be fair, my parents wouldn’t “allow” me to go to a junior college for the first year/two years. I would be kicked out if I went to our local college instead of my 4 year university. Nearly $80,000 later and I’m the one to pay it off
@princesskaitlinhazelwood4703
@princesskaitlinhazelwood4703 2 года назад
@@gabbief789 best of luck paying it off. Clearly two year college is not for everyone. But it is for more kids who take them up on it
@morganellis9361
@morganellis9361 2 года назад
This is random but where did you find your white file/paper drawer in your office?
@TheBudgetingWife
@TheBudgetingWife 2 года назад
IKEA!
@Ms.NigeriaParker
@Ms.NigeriaParker 2 года назад
I was wondering the same thing
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