How a lawyer paid off $200,000 in student loans in less than 2 years - Business Insider

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A lawyer who paid off over $200,000 in student loans in under 2 years breaks down 4 key ways she budgeted her money

Erika Kullberg graduated from Georgetown Law with $225,526 in student loans and a well-paying job as a corporate lawyer.

But it wasn't until a few months after graduation that she realized the gravity of her debt and the importance of getting rid of it as soon as possible. Even with the good fortune of a well-paying job, the task of paying back over $200,000 in loans was both overwhelming and daunting. "For two years, I didn't buy any new clothing. That was probably what most people would consider the most extreme" choice she made, Kullberg told Business Insider.Points-only flying is common practice for travelers on a budget, and can mean thousands in dollars saved if you're a frequent flyer.

A key factor, she continued, was making sure that the new lifestyle of spending more for these luxuries didn't creep up on her.Kullberg told Business Insider that by refinancing her student loans, she saved thousands of dollars in the long run.

 

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Just make a fake business and get a PPP grant instead.

Rather interesting article if you consider her salary. The overwhelming majority of grads do not have this luxury.

Student loans are a crime in the US

Good for her. Personal responsibility, a plan, and success with perseverance, after choosing a degree that had a valid ROI. Adult decision making and behavior here.

Tbh - Thanks Poland for state funded higher education 🎓

Education is costly and takes huge sacrifices

thanks

Another completely practical and relatable article from Business Insider, right up there with 'How to retire at 30—just get a software job that pays $250k/year, peasant.'

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