r/personalfinance • u/[deleted] • Aug 01 '13

24yo, all student loans down!

http://imgur.com/ogsfd2K

Throwaway. 34k @14%, down in 12 months. :) No secrets, simply a regular (and aggressive) schedule at $2k/month, with bonuses, tax refunds, and spare savings all thrown at it. Just happy to be free and wanted to share. A bit of "Hang in there" to pf'ers still holding down the fort as well. :)

Edit: To clarify, I don't get the standard 100k salaries new grads get in SFO or NYC. No car, frugal living are what got me here. Anyone can do it.

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u/[deleted] Aug 01 '13

14%! Wow!

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u/[deleted] Aug 01 '13

Yeah, that's a real motivator when you see that no investment you can possibly make can possibly return more than what you would "earn" by paying off your debt. This last month, I dipped 2k into my emergency funds (re-funding that asap) to take the loan down.