How 5 Real People Paid Off Their Student Loan Debt

HomeBudgetingHow 5 Real People Paid Off Their Student Loan Debt

Want to Score Cash For Free?

  • Survey Junkie: Earn up to $50 per survey with one of the highest-paying survey sites on the web. Join Survey Junkie Now
  • SoFi Money: Earning money for unlocking better features sounds like a dream. But this free banking app really pays you $100 with you switch your direct deposit to SoFi Money. Get SoFi Money.
  • Aspiration: This mobile banking app lets you do everything for free and takes no fees — ever. Better yet, if you join through this link you can get $100 in your new account.

One thing I hope that we can all agree on: student loans suck. Here are my favorite student loan success stories.

One thing I hope that we can all agree on: student loans can be expensive.

That’s why I’ve always enjoyed reading student loan success stories where Millennials are able to crush student loan debt.

I had my own battle with student loans and my story got featured on AOL Finance when I managed to pay off $30,000 of student loans in just 12 months.

Awesome stuff, right?

Reading other stories about how people are saving money by refinancing student loans or finding ways to pay off student loans faster is so motivating especially to those who are feeling overwhelmed with their own student loans.


Want Free Money?

  • Aspiration: Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

There are a lot of Millennials out there making big changes in their finances in order to pay off those pesky student loans.

Here are some of my favorites:

Student Loan Success Stories

1. How Newlyweds Paid Off $33,000 of Debt in 18 Months

Newlywed finances

Student loans paid off: $33,000

Holly and her husband paid off $33000 worth of student loan debt. This wasn’t your typical we made more money and paid off the debt, it was a story of going from two incomes to solely one and still paying off a huge chunk of debt.

They knew the debt was going to be hanging over their heads from the school loans they had taken out so they committed to paying off each school bill as it came due.

It was a big bite out of their paychecks but it was worth the hard work.

This choice saved them from paying interest on 2 ½ years worth of schooling… Read more.

2. How to Pay Off $30,000 of Student Loan Debt in 4 Years

Pay Off $30,000 of Student Loans

Student loans paid off: $30,000

Learn how Vince was able to pay off $30,000 of Student Loans in 4 years. With nearly $30,000 in student loans to pay off, this millennial planned ahead. 

During a time of unemployment, he applied for over 350 jobs, interviewed at 20 companies, before I got the one he wanted, making $73k at a Fortune 100 company… Read more.

3. Paying Off $50,000 in Student Loans in 3 Years

Paying Off $50,000 in Student Loans

Student loans paid off: $50,000

Bakhtiyar college experience was excellent and he had a great time. It was a big slap in the face when he checked my balance shortly before he graduated and happiness was replaced with panic!

He was $53,000 in debt and his highest job offer was only $45,000. What is worse, during the course of my entire education he never once learned anything about personal finance.

He could tell you random facts about marketing and management and could recite something he learned in history class, but he literally didn’t know how to build a personal budget! He still managed…Read more.

4. Surviving With Over $150K in Student Loan and Consumer Debt

paid off 43k in student loans

Student loans paid off: $43,000

Learn about Ava, a consultant with over 150k in student loan debt and consumer debt but she has a plan to pay it all off by the end of this year… Learn how.

5. $60K in Student Loan Debt: What I’m Doing About It

millennials not buying homes

Student loans (paying off): $60,000

KP went to college and not surprisingly he also graduated with student loan debt. A lot of student loan debt. Around 60K in student loan debt. Learn how he is planning on tackling this debt… Read more.

GoDescription
aspiration

Want Free Money?
Aspiration

Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $100 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

Learn more


The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
aspirationAspiration
★★★★★
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
CLAIM $100 BONUS
robinhoodRobinhood
★★★★★
Open a new account in the next 24 hours and you could get up to $200 in free stock.
CLAIM FREE STOCK
Truebill reviewTruebill
★★★★★
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.
SLASH YOUR BILLS

About the author

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

On a similar note...

Explore More On

7 Best Bank Bonuses and Promotions of April 2021

ImageDescriptionlearn-more
aspiration★★★★★This Company Will Give You $100 for Opening a Free Account
Boost your savings and earn up to 1.00% APY interest on your savings. Get up to 10% cash back on your purchases. Get $100 bonus when you spend your first $1,000 with your new Aspiration Plus Card.
COLLECT $100 BONUS
personal capital★★★★★
The First and Only Interest Earning Crypto Account
Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days. Receive up to 8.6% annually on your crypto. Join the most trusted financial services for crypto investors on the market.
CLAIM $250 BONUS
personal capital★★★★★Get Up $200 in Free Stock for Joining
Commission-free stock, ETF and options trades. Get a free stock worth up to $200 when joining (must complete application). Simple, easy to use investor platform with no account minimums.
GET FREE STOCK
sofi★★★★★All-In-One Investing That's Easy to Use
Tired of Robinhood? Invest in stocks, ETFs, crypto, or automated investing in all one app. No commissions for stocks and ETFs. Complimentary access to SoFi Financial Planners.
INVEST NOW
personal capital★★★★★The Smart and Free Way to Manage Your Money
Take control of your finances with the perfect union of technology and highly personalized service. Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more. Digital-first wealth management advisor with 24,000 clients in 50 states.
SIGN UP FREE
blooom★★★★★401K and IRA Management
Start your free 401k and IRA management now. Find and reduce hidden fees. Improve your diversification.
GET FREE CHECKUP
cit★★★★★Enjoy the Benefits of a CIT Bank Money Market Account
A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth. Earn over 7x the national average with high-interest rates. It now pays to open a money market account with CIT Bank.
OPEN ACCOUNT
My Millennial Guide