As a personal finance writer, I’ve interviewed a number of “success stories” who paid off a massive amount in student loans in a short amount of time. Sure, some of them had higher-than-average incomes, but most didn’t bring home an especially large salary.
Instead, they kept their living costs crazy low so they could throw as many extra payments as possible at their debt each month. Plus, they found ways to boost their income and lower their interest rates, often through student loan refinancing, to crush their debt even faster.
Although paying off student loans ahead of schedule will probably require some lifestyle changes, these sacrifices could be worth it in the long run. After all, using one or more of these approaches could bring you years closer to a debt-free life. Continue reading “How to Pay Off Student Loans Fast: 15 Expert Strategies That Work”