The Complete Guide to Paying Off 6-Figure Student Loans
Struggling with massive student debt?
- No idea how you'll ever pay them off?
- Have your loans increased instead of decreased?
- Are you having to make payments under an income based repayment plan?
In less than 1 hour, I'll help you
1. Understand your debt
2. Get motivated to attack it
3. Create a plan for paying it off
Why should you listen to me?
☝️ Because I've been there.
Here's what I was facing back in 2016:
- $250,000 in student loan debt
- at 7.5% interest (federal loans)
- Growing daily by $51 in interest 🤯
I had to pay $1,600 every single month, just to keep my balance from growing. No money was left for investing or savings. I was paycheck to paycheck and any surplus went towards student loan interest.
Why You Need An Action Plan
From the time I graduated until 2016, I did my best to put my head in the sand and make my monthly payment under the government's income based plan. It felt like a punch in the stomach any time I thought about my student loans. Despite paying $300 - $500 every month, my loans continued to grow because of interest. I just prayed that some politician would step in and save the day with loan forgiveness.
Spoiler Alert: ☝️ It didn't happen. (and probably won't ever)
This passive approach cost me tens of thousands of dollars and dug me an even deeper hole. If you're relying on one of the government's income based repayment plans, you have no control over your financial future. The government owns you. You're stuck waiting around hoping that one day your balance will be forgiven. AND, even if your loans are forgiven, you'll be faced with a devastating tax bill.
Create a plan to pay them off and you will!
In this book, I'm going to show you how to take control of your loans, set a goal for paying them off, and create a plan to get you there. This is the guide I wish I had back when I had no idea what to do. If you follow my approach, it's totally possible for you to knock out all of your debt in 5 years or less. That's true even if you're looking at debt of $200,000 or $300,000.
Years of learning distilled into a step-by-step guide
The number of borrowers with 6-figure loans recently topped 3.2 million, yet there are still few resources out there to help this group.
Back when I had no idea what to do, I searched high and low for help. I ended up reading legislation, personal finance books, listening to podcasts, talking to financial advisors, etc... Now, I'm combining years of learning and the tools that worked for me into this simple guide.
If you're ready to take control of your financial future, this book will equip you with everything you need to know about your options and will help you develop the mindset and a plan for eliminating loans of any size.
A detailed guide for paying down your student loans plus a repayment worksheet and calculator.