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Student loan debt is now the second-highest consumer debt category, surpassed only by mortgage debt. Thanks to the interest on these loans, only 38% of borrowers make any progress in paying down their balances while many (42.6%) actually see their total student loan debt balance increase in the first five years of their loan. And it can take a lifetime to pay off. Twelve years after borrowing, the average borrower has barely made a dent in their student loans. That helps to explain why it takes
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We are MOVING the needle BIG TIME on student loan number 13 today with a MONSTER PAYMENT! 🧌🧌🧌 Because today is both of our favorite days 😍 it is the 15th 🥰 And we are due for another monster payment; so let’s make it happen! Today’s payment pushes us WILDLY close to being 2/3 of the way through student loan 13. It is also absolutely DEMOLISHING our September goal, so we will get that reset as well. And it breaking us into a new threshold with our overall debts; we’re officially below $90k!
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