I Just Paid Off My Student Loans: Here's What I Learned
I did it y’all!!!😁 After eight years and three months, I am officially done with ALL of my student loans. There was a time that I honestly did not think this would happen or at least not until I was in my 40’s. The Department of Education reports that the typical repayment period for borrowers with between $20,000 and $40,000 in federal student loans is 20 years. Yea, that’s pretty crappy. But with the exorbitant costs of higher education in the United States and the belief that the only way to succeed or get ahead in life is with a college degree a lot of young people and their families are stuck between a rock and a hard place. Often turning to loans to help cover the expense. Today, roughly 70% of American students end up taking out loans to go to college with the average graduate leaving school with around $30,000 in debt.
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