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LAWYER EXPLAINS | How I paid off $200k+ of student loans in 2 years 

Erika Kullberg
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I graduated from law school with over $200,000 in student loans. This video details exactly how I paid them off in under 2 years (exact numbers!) and my tips for how you can pay of your student loans faster.
Remember that refinancing your student loans isn’t always the best option, since you will lose many federal loan protections, so please research first before making a decision.
I graduated from law school with over $200,000 in student loans. I wanted to give you the strategies I used to pay off the student loans faster, save interest, negotiate down interest rates, and budget and keep track of expenses. In this video I also talk about refinancing student loans, why I chose to refinance mine, and how I saved money by refinancing.
The biggest thing to keep in mind is to actually set a payoff date. My other student loan video, which you can watch by clicking the link below, talks more about the process for setting a payoff date.
HOW I PAID OFF MY STUDENT LOANS IN 4 STEPS: • How I Paid Off $225,52...
📌Join 4 million followers on Instagram to see my other money videos: / erikankullberg
NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

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6 апр 2020

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Комментарии : 681   
@qmakesithappen
@qmakesithappen 4 года назад
You're a legend!!! Most people wouldn't even negotiate ONCE! This video will put so much money back in people's pockets, I think it was worth the sponsorship lol
@Erika2
@Erika2 4 года назад
Thank you Q!!! :) You're the legend!
@swaggytjm33matthews26
@swaggytjm33matthews26 3 года назад
congrats on getting your student loans , and everything else, positive going on in the future, enjoying watching your videos daily whenever possible
@jacquelynallen488
@jacquelynallen488 4 года назад
TY for your transparency. I wish I had known this 10 years ago!
@Erika2
@Erika2 4 года назад
Thank you!!
@samsimone2065
@samsimone2065 3 года назад
Thank you for sharing your journey. This is so motivating. I can see myself doing a few of the tips you recommended.
@mahmouddahjeed2929
@mahmouddahjeed2929 2 года назад
Yes. I gladly watched the whole thing and I appreciate the time you took to go through the whole process. Thank you!
@newrldman1
@newrldman1 4 года назад
Impressed and inspired! I'm glad I stumbled upon your channel. Congats and keep it coming. The prime and valuable content that is.
@Erika2
@Erika2 4 года назад
Thank you!! I appreciate it!
@ecor150
@ecor150 3 года назад
You're humble and relatable that's why your channel grow fast
@LivingSimplyinCanada
@LivingSimplyinCanada 3 года назад
Love your negotiations! Inspiring.
@ShariKaye
@ShariKaye 4 года назад
You deserved that job and anything else your heart desires💖 including your upcoming sponsorship(s) 😉. Thank you for breaking down the decisions you had to make in this process.
@Erika2
@Erika2 4 года назад
Thank you Shari! This is so nice of you to say!
@FlamingBasketballClub
@FlamingBasketballClub 4 года назад
Is your channel about “financial wealth?”
@MrClinicalFinisher
@MrClinicalFinisher 4 года назад
Great tips! Thanks for sharing!
@Erika2
@Erika2 4 года назад
Thank you for watching!
@zinatm9530
@zinatm9530 4 года назад
Thank you so much for breaking this down! for being honest and real about your thought process. I'm a Dr and have been living with my loans for over a decade, just 'going along with it'. Having mom and dad pay for everything and then one day having to pay hundreds by myself, wasn't something I quickly grasped. And now years later there's more life responsibilities and so paying them is like a routine daily chore, not something to tackle. So I'm getting very inspired to change my way of thinking so I can finally be free of this debt. Thank you so much :)))
@Erika2
@Erika2 4 года назад
You can do it!!
@bestofyooniverse7994
@bestofyooniverse7994 4 года назад
loved all of your tips, thanks so much for sharing!!
@donapadua
@donapadua 2 года назад
I'm so happy I came across your channel! Financial freedom can be intimidating, especially with student loans. But with your tips and encouragement, the light at the end of the tunnel gets brighter! Thank you!
@laurenmills3087
@laurenmills3087 2 года назад
So happy to have found your channel! 🙏🏻
@btg323
@btg323 2 года назад
Awesome! Really appreciate the level of transparency in your videos.
@rosieyoung8741
@rosieyoung8741 4 года назад
Your negotiation tips are genius!
@Erika2
@Erika2 4 года назад
Thank you Rosie!
@YaGirlification
@YaGirlification 4 года назад
Wow, what a wonderful inspiration to look forward too. I deeply have some research to do (deep breath). Congratulations again, wish their were advisors like yourself doing one on one walk through seminars. Your my hero now, thanks so much 👍🙂
@Erika2
@Erika2 4 года назад
You are sooo kind!! Thank you! Do you have a student loans right now? Rooting for you!
@YaGirlification
@YaGirlification 4 года назад
@@Erika2 Yes, I consolidated my loans with Direct Loans then 1 day I called to defer my loans & my loans were at a new agency called Navient, I thought it was a hoax but it wasn't, I lost my position in the repayment program when they moved to Navient. I've been trying to figure out why this never carryover to Navient. I've been researching for a while now how to fix this. Your video inspired me to start low to high. I owe 100,000. I payed some money on it last night. However, it's a goal to get 904. 85 down by the summer. Although, after paying this loan, I'll be lost figuring out to pay the rest back while in a repayment plan. The 904. 85 wasn't consolidated so it's easy to get that one out of the way by summer which is my goal🙏. I'm not good with numbers when it comes to the 100,000 repayment🤷‍♀️. That's my starting place towards figuring out the #'s, Hopefully 🤔. Thanks for responding Erika💡
@BelindaOwusu1
@BelindaOwusu1 4 года назад
Amazing! thanks for sharing the negotiation tips!
@candicewdgu
@candicewdgu 2 года назад
Love the comprehensive information!
@JustFrugalMe
@JustFrugalMe 4 года назад
Hi Erika! Thanks for sharing your journey.
@Erika2
@Erika2 4 года назад
Hey! It's been a while! Thank you!
@michaeltylerham
@michaeltylerham 3 года назад
I am considering loans for grad school right now, and this is really helping me plan ahead for post-graduation budgeting. Thank you!!
@ChhTravels
@ChhTravels 4 года назад
I love the tips! Thanks for sharing.
@Erika2
@Erika2 4 года назад
Thank you for watching Chong! :)
@j_yh
@j_yh 4 года назад
Nice work. Excellent walk-through and good detail. Very actionable! Keep up the great work.
@Erika2
@Erika2 4 года назад
Thank you so much!
@fajrdn
@fajrdn 3 года назад
Imagine if both of them saw this video and compete to sponsor your video 😂
@vanrey36
@vanrey36 10 месяцев назад
I just watching your videos and they are informative and fun to watch. I wish you all the best!!!
@TheNoobSnipa
@TheNoobSnipa 3 года назад
Hey erika, congratulations on paying off your loan, it is such a blessing to hear your achievements! This video has really encouraged me a lot because I also just graduated and now have to tackle my loans of around $50,000. Thank you for what you do! Many of us appreciate it here! I hope all is well with you!
@rebeccareardon3775
@rebeccareardon3775 Год назад
me too michael, we got this!
@GlamfulTangerine
@GlamfulTangerine 2 года назад
I came across your channels a few hours ago actually because I’m in the process of trying to figure out how I’m going to go about paying off my students. And the information you gave was very informational and I look forward to taking everything you said into consideration. Thank you so much! 😁 and congratulations on paying off your student loans!
@michellethomas5893
@michellethomas5893 3 года назад
Thanks for enlightening us!!!
@stepheninvests
@stepheninvests 4 года назад
Love your background! I commented on your 8000-20,000 sub post in Video Makers group. Awesome work!
@Erika2
@Erika2 4 года назад
Thanks Stephan!
@dreisajohnson4342
@dreisajohnson4342 3 года назад
This was very helpful! Thank you for sharing your tips!
@TheEntrepreneurChannel
@TheEntrepreneurChannel 4 года назад
200K wow mine were 20K and I'm still paying them! Thats such a great idea to get the two lenders to compete!
@Erika2
@Erika2 4 года назад
Keep it up! :)
@holy48ghost
@holy48ghost 4 года назад
Very good info...James, in in forbearance for the same amount🤪and thought about putting it off for 15 years, just to be wiped out🤷🏾‍♀️
@artimuscunningham942
@artimuscunningham942 2 месяца назад
Thank you so much! I've been searching for a video just like this one.
@JS-jd3yy
@JS-jd3yy 4 года назад
Nice! Very informative, encouraging, and inspirational! Thank you much for sharing!
@Erika2
@Erika2 4 года назад
Thank you for watching!
@capentero
@capentero 4 года назад
Your plan and it’s execution we’re genius! Most people don’t even know that you can always request an amortization table from your lender as well on most any loan. Keep up the good work!
@EricPardo
@EricPardo Год назад
Great job (and tips)! Love the charts, income streams and mission statement
@crowndirectory1003
@crowndirectory1003 2 года назад
Really motivates me. Thanks for sharing.
@tloftus2009
@tloftus2009 2 года назад
Wish I saw your videos 30-years ago, but better late than never. Thank you. RU-vid format has been wonderful for knowledge.
@jennyagbaeze
@jennyagbaeze 4 года назад
Thanks for the tips Erika!! I'll keep this in mind because I'm about to take out some more loans for pharmacy school!
@Erika2
@Erika2 4 года назад
Congratulations on pharmacy school! Just stay frugal and have some side hustles during school if you can :)
@sheahenry1282
@sheahenry1282 2 года назад
I'm taking notes and going forward with a 1 yr goal. Thanks for the great tips
@eunicesaintmartin
@eunicesaintmartin 3 года назад
This was so helpful! Thanks!
@franky7842
@franky7842 3 года назад
Definitely worth the sponsorship :) hope many people on YT are going to see your video!
@piakormann1777
@piakormann1777 3 года назад
You are pure motivation yourself! I fortunately don't have to pay back that much of a student loan, since in my country, going to college ist more or less sponsored.... anyways, I watched your video until the end cause you made it so interesting and fun to watch! Your long research was obviously worth it and turned into that amazing video! THANK YOU!!!
@KatherineBoulonHolguin
@KatherineBoulonHolguin 4 года назад
Great information! Thank you!!
@jeffwrightslc
@jeffwrightslc 4 года назад
Great and inspirational advice. You will help many with this! I wish newly entering college students understood how easy it is to get into debt and how challenging it is to get out.
@Erika2
@Erika2 4 года назад
Thank you!! I hope so!! I do too... I also was very naive about how easy it was to get into debt. Didn't realize the gravity until after graduation.
@cleansingrhythm
@cleansingrhythm 2 года назад
So many great tips Erika! Thank you.
@chayes829
@chayes829 3 года назад
Thank you, for this valuable info!
@LucyJodlowska
@LucyJodlowska 2 года назад
Love this video! Learned quite a bit- thank you for the great tips.
@sx3r952
@sx3r952 2 года назад
Thank you so much for the negotiate lesson, never imagine this would be something possibly to do!
@tracymiller9390
@tracymiller9390 3 года назад
Great job!
@lindsaysadowski1351
@lindsaysadowski1351 2 месяца назад
Thanks Erika! Such a great video! I played for my personal finance class and they found it very informative.
@nyyuri
@nyyuri 3 года назад
Definitely trying this!
@daisydukes2010
@daisydukes2010 3 года назад
Thanks for sharing! Love your videos ❤️
@estherch8394
@estherch8394 3 года назад
Great inspiration. Thank you, Erica.
@anabarforough
@anabarforough 2 года назад
thank you for all these tips!!!
@aug07broken
@aug07broken Год назад
Girl, this us amazing and so inspiring!!! What an accomplishment, maybe up there with graduating for law school??? 🤷🏻‍♀️I have been watching so many of your videos!! I have no debt, but I it’s so interesting to learn the things on your channel!! ❤TY for being transparent and relatable!!!
@benhuguenard8147
@benhuguenard8147 4 года назад
Bravo! Thank you for sharing. I hope it inspires a lot of people.
@ZylerKade
@ZylerKade 3 года назад
Great tips!! And congratulations, that's an amazing accomplishment! Kudos to your commitment and drive!
@CoolKhris123
@CoolKhris123 3 года назад
Thanks for the tips!
@xdestyn
@xdestyn 4 года назад
Loving the confidence !
@Erika2
@Erika2 4 года назад
Thank you Omar!
@AbeOrtiz88
@AbeOrtiz88 4 года назад
I’m so going to put this on my page for my clients.
@Erika2
@Erika2 4 года назад
Thank you so much!
@yolandamenendez9783
@yolandamenendez9783 2 года назад
Useful information. Thank you.
@animiteva6122
@animiteva6122 3 года назад
Wonderful and very insightful video! Thank you.
@eliteDancer719
@eliteDancer719 2 года назад
This is so helpful, thank you so much!
@mosby75
@mosby75 2 года назад
Thanks for the inspiration! Going to work towards paying off my crazy expensive student loan as well.
@fxiryprincess444
@fxiryprincess444 2 года назад
so helpful! i learned a lot of things that i didn’t know before
@saffronlancaster631
@saffronlancaster631 2 года назад
These are such great tips girl!
@LoganKohn
@LoganKohn 4 года назад
You are killing it!! Subscribed, supported and notification bell clicked!
@Erika2
@Erika2 4 года назад
Thank you!
@ronlatchman4550
@ronlatchman4550 4 года назад
Great info ,thank you
@Erika2
@Erika2 4 года назад
Thank you!
@astrobebe
@astrobebe Год назад
Love your content. Thank you so much for this helpful info.
@juliale611
@juliale611 3 года назад
LOVED that you pit the two lenders against each other. I will definitely try this tactic- did you include the actual screenshot of the quotes you received from both lenders, or did you just state the quote that was given? Trying to ensure I do this the best way possible, thank you!!
@christinanottingham6197
@christinanottingham6197 4 года назад
Yes! So inspiring..thank you for sharing your tips!
@Erika2
@Erika2 4 года назад
Thank you!!
@BaybiiCandiies
@BaybiiCandiies 2 года назад
Thank you so much for this! I really appreciate it
@djmcconnelltt11
@djmcconnelltt11 3 года назад
Thanks for the great advice
@andreslo1215
@andreslo1215 2 года назад
Thank you for the tips!
@melissadrake1674
@melissadrake1674 2 года назад
Thank you! Great insights!
@aminamohamed3207
@aminamohamed3207 2 года назад
Thanks for the info!
@pujaberry2043
@pujaberry2043 2 года назад
Inspirational! Keep up the great work and content
@Kelly_Explores
@Kelly_Explores 4 года назад
Love your tip to reach out to both lenders! I use earnest already but I'm definitely going to try that between the two. Great video!
@Erika2
@Erika2 4 года назад
Thank you so much Kelly! Yes, it's definitely worth a try :)
@katiachavez6423
@katiachavez6423 Год назад
Thanks for sharing your experience
@lynneparro3088
@lynneparro3088 10 месяцев назад
This video inspired me with hope for my daughter! I LOVE Erika's videos - I always learn something new! And she is so down-to-earth, smiley, and happy! (Love her airline videos!)
@anregung
@anregung 2 года назад
Thanks for the tips.
@MrLUXATL
@MrLUXATL 2 года назад
Very informative and inspirational! I am utilizing some of your tips to pay off CC debt 🙌🏻
@sheahonhewitt4969
@sheahonhewitt4969 5 месяцев назад
Wow thanks for the tips!
@KennedyDeSousa
@KennedyDeSousa 4 года назад
Really insightful! Thank you for taking the time to share your strategies! Have a wonderful weekend!
@Erika2
@Erika2 4 года назад
Thank you so much!
@kyliephillips2492
@kyliephillips2492 2 года назад
This is GREAT advice! Thank you so much, Erika!
@haleylucas2374
@haleylucas2374 4 года назад
This honestly helped me SO MUCH!!! Thank you Erika :)
@Erika2
@Erika2 4 года назад
Glad it was helpful!
@yashar598
@yashar598 2 года назад
Great video! Thank you for sharing.
@ceciliamorales9157
@ceciliamorales9157 Год назад
Thank you!! More tips!
@barbe8155
@barbe8155 3 года назад
Thank you so much for this info
@jeanlafitte5337
@jeanlafitte5337 4 года назад
Excellent source of information and inspiration! I'm currently an Engineering Student looking at a similar magnitude of loans after grad school (grad date may 2021). I will definitely be using some of these tips and tricks (especially pitting the companies against each-other) in the future if I decide to refinance. Thanks for all the practical advise!
@Erika2
@Erika2 4 года назад
Thank you Jean for taking the time to watch! Congratulations on picking such a practical major--love it!
@714robert2007
@714robert2007 Год назад
Thank you for the great tips!!
@tiffanybaskerville3846
@tiffanybaskerville3846 2 года назад
Very inspiring. Thank you for sharing.
@M0ani83
@M0ani83 4 года назад
Thanks for the great tips!!
@lauranieves1446
@lauranieves1446 Год назад
Wonderful video! Thank you for sharing!
@romey-o8934
@romey-o8934 3 года назад
Great vid, nice breakdown on everything
@ambertorres4444
@ambertorres4444 2 года назад
Awesome tips. Thank you.
@Imwinston
@Imwinston 4 года назад
This is so worth the watch everyone! Short term sacrifices for long term freedom thanks Erika!
@Erika2
@Erika2 4 года назад
Thank you for saying that Austin! :). Totally agreed. You said it so well! Short term sacrifices for long term freedom. Love that!
@Kuryoku
@Kuryoku 4 года назад
Well said, as usual. Tons of information in this video!
@Erika2
@Erika2 4 года назад
Thank you so much for always watching & commenting! :)
@courtneyschopke3597
@courtneyschopke3597 2 года назад
Really appreciated your guidance here! I never would've thought to negotiate with lenders regarding the interest rate. I will absolutely be doing that--thanks a million!
@loulouwaters9050
@loulouwaters9050 3 года назад
Wow! You really have a passion for helping others! This video has inspired me to have a game plan before I graduate (senior)😁! Great content👍🏾
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