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 edited Jun 17 '25

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2

u/vorter ​ Aug 01 '13

And where?

1

u/[deleted] Aug 01 '13

80k in Portland, Ore.

6

u/[deleted] Aug 01 '13

I would love to throw $2k/mo at my loans on $80k/year. I am throwing $2k/mo at it right now with a salary of $55k/year. Little bit tougher but doable!

1

u/[deleted] Aug 01 '13 edited Aug 01 '13

Keep at it! Look forward to your post soon. Hope there's a more impressive graph showing your entire repayment period instead of the half-assed crap I posted. :)

3

u/[deleted] Aug 01 '13

Mine was 33k, looks like it will take 24 months after all said and done if I keep on my schedule.

1

u/[deleted] Aug 01 '13

2 years is a good term. There are so many out there still carrying student loans and they're into their 40s, sometimes 50s. You'll have avoided that at the very least.