All tagged income based repayment plans
We established a "Divided and Conquer" strategy to paying off our student loan debt. While aggressively paying down our private student loans, we are currently planning to eliminate our federal student loans through public service loan forgiveness. Plus, we share all kinds of crazy numbers to demonstrate the link between retirement contributions and income-based student loan repayment.
Last time we talked student loans was just 4 weeks after we took our budget by the reigns and committed to making some big changes. We've done a work on our personal finances since then, and we found ourselves ready to step up our debt repayment game. This is the first of two posts on how we set a more powerful plan for repaying our student loans.
I have paid an extra $400.26 toward our debt in just 4 weeks! In this post, I discuss how this success was mostly due to radical changes of the tiniest kind, wins that have nothing to do with money, and how I found I will be able to redirect over $6,000 to debt repayment in the year to come.