How I Paid Off $87,000 of Student Loans in 2.5 Years
A breakdown of how much I had to pay to get rid of them
One of the best things I did coming out of law school was paying off my student loans as fast as I could — I did it in just 2.5 years. With my student loans gone, I removed a huge fixed cost in my monthly budget, giving me a lot more freedom in the career decisions I’d ultimately end up making.
Interestingly, even though I knew how much in student loans I had paid off, I had never actually looked at what I had paid over those 2.5 years. I thought it might be interesting to look at this information, so I pulled my payment history from my student loan servicing company and took a look.
Here is an exact breakdown of what I paid to get rid of my student loans in 2.5 years.
How I ended up with student loans
Before diving into what I paid, it’s best to look at how I ended up with these student loans in the first place. I went to a law school that gave me a 50% scholarship — a fairly smart move in my book since my other options were more expensive and would have put me into far more debt. My goal when I entered law school was to keep my costs at a level that I thought would be manageable.
