Just exactly How quickly should you spend down your figuratively speaking? Two money specialists share their tales

Just exactly How quickly should you spend down your figuratively speaking? Two money specialists share their tales

Bridget Casey and Robb Engen are a couple of of Canada’s money bloggers that are best-known — and, like at the least 1 / 2 of college graduates in Canada, that they had figuratively speaking.

Casey, 33, the creator of economic literacy site cash After Graduation, finished her undergraduate level with around $21,500 in federal federal government figuratively speaking after which utilized a personal credit line to fund section of her MBA. Engen, 40, a fee-only monetary consultant and dad associated with the Boomer and Echo cash we we we blog, left college with nearly $30,000 with debt.

The tales of the way they repaid that load couldn’t become more various. Yet, the advice they have to today’s graduates is remarkably comparable.

Burning that learning student financial obligation: Casey’s tale

Whenever Casey completed her study that is undergraduate she determined to incinerate her heap of pupil debt at record speed — and she did. In only 22 months, at age 27, she had been able to repay the government in complete, a feat that helped propel her to the very best echelons of Canada’s money blogosphere.

Burning significantly more than $20,000 in student education loans in lower than 2 yrs wasn’t simple. To turbo-charge her earnings, Casey arranged a chemistry tutoring gig on the top of the job that is full-time. In addition, she’d act as a freelance author within the nights and use up jobs that are odd find on Kijiji during the week-end.

I got, like, $18 one hour. “ From the one time … my only work would be to go scan every item within the child part during the Bay and”

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