Bly’s answers | Questions for you | |
Consider your career | He chose his subspecialty (surgery), in part because it offered a higher-paying career to fend off his debt. | Even if you’re already committed to a job or industry, would upskilling or seeking a promotion super-charge your repayment? How about switching to a company that pays off student loans? |
Pick a lane | He settled on an aggressive approach to repayment, mainly through student loan refinancing. | Would you benefit from a similarly aggressive approach, making biweekly payments, or a slower-but-strategic route, such as enrolling in income-driven repayment or PSLF? |
See the big picture | He temporarily sacrificed saving for retirement and experiences like family vacations to dedicate more of his income to his education debt. | Have you thought about where a student loan payoff fits into the broader scope of your personal finances? |
Don’t go it alone | He highlighted the support of his wife, plus a financial advisor. | Have you consulted or expanded your support system, perhaps to include a certified student loan counselor, lawyer or other professional? |
Stay engaged | He closely monitored interest rates and refinanced three times because each saved him serious cash. | Unfortunately, student loan repayment isn’t set-it-and-forget-it — what can you do to stay apprised of your best options? |
Related Posts
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!