Re: Best strategy for dealing with student debt
- From: "NOYB" <noyb@xxxxxxxx>
- Date: Wed, 24 Aug 2005 12:39:22 GMT
"USC95" <aestheticdentistry@xxxxxxxxx> wrote in message
news:1124864402.274729.302490@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> work hard, don't spend, pay back your loan. took me exactly two years
> to pay off my 165,000 student loan after graduation.
>
I let my home appreciation "pay off" my student loan. By doing that, I was
able to buy the things I wanted when I wanted them. No belt tightening
whatsoever. I was also able to contribute $20,000+ dollars in each of the
last 6 years to my pension plan...rather than use that same money to retire
long-term debt.
I have zero personal debt except for my house now. And I have 25% equity in
that.
To each his own.
.
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