I go into debt tomorrow, I only owe about $8,997 of student loans. I dropped out of college that’s why, but they’ve been charging me ever since, this helped me a lot!
@@alwaysme_tdon’t worry, make a plan on how you can repay and cut out any luxuries you don’t need. I was in the same situation but paid it all off in 5 months. You can do it!
I got sallie mae for my pilot school $97,000 and have 8.125% interest rate. How did it work out for you, how lomg did it take to pay off your loan. I do around $940 monthy payments
So thankful for her content & content like this. This stuff should seriously be taught in high schools. I only just finished paying off my student debt 10 years post grad
I have to agree with you this stuff should be taught in high school. Even when I signed up to go to the university there's a lot of questions I didn't ask and I'm paying for it but I'm getting on the ball.
Exactly! Thankfully I paid off all mine in about 5 months, but seriously I think a lot of people are misled into these student loans like I was. Parents and students might be equally misinformed. If schools want to encourage going to college so bad, then I think there should definitely be a whole class on this.
refinancing has helped me save a lot of money that i would put towards my loans! instead of the money going towards interest, now it would go towards the principle
Thanks,I realized tht two of my loans were canceled and two in total are only 3,000 tht I can pay off in one month. The rest I will work on slowly starting this year.
Thanks Marissa! I think the only downside to refinancing federal student loans is that you loose all the potential payment options like income based, economic hardship etc etc, and also if federal student loans being eligible for the current forbearance. I guess you should definitely have a definitive payoff plan before you refinance.
I think refinancing private student loans has a really great potential! Federal do have additional benefits and typically lower interest rates. But it can make more sense for private loans!
I agree. If you’re willing to trade federal protections, potential forgiveness (when applicable) and income based repayment in exchange for lower interest rates and a shorter repayment period, then refinancing is a good way to go. But if not, I’d stick with federal loans and throw extra money toward the debt.
@@ileanacardona2248 Agreed, it’s a ‘catch 22’ if switching to private loans and refinancing. Need more $$$ to handle higher monthly payments and shorter term, even with lower interest payments.
This is great, thank you! Question: My daughter graduated this past May, and her loan payments are starting this December. She does plan to go BACK to school this fall though at a different school, for a different program. Can she/we still refinance those private loans (~115k!) and NOT have to start repaying yet? Or do we have to keep them with her current lender (SallieMae) until she's completely done with school? Thanks
I think it makes more sense to take paying down the debt while she's currently in school if she really wants to go back. By the time, she graduates she would have paid off most of her debt.
Hi, I am from India planning to study in UK January 2024 intake. I have taken an loan amount of 30 lakhs that is 30000 GBP. Can I will be able to pay back the loan amount after my graduation, by working in UK? 1 UK pound = 100 Indian rupees. My monthly emi is around 490 pounds which means 50 thousand Indian rupees. Is it easy to make money in UK and send back to India as the currency exchange rate is high?? Please reply!!!!
Hi, I’m done with my masters in the UK. I have taken student loan as well. If you’re asking about jobs in the UK it totally depends on what subject you chose, what experience you have. Finding a job in the UK is quite hard. None of my classmates managed to find a job till now. We are 2022 September batch.
My husband and I paid off all our student debt. I think kids borrow way too much money on school. They should consider going to community college first or living at home instead of going away. Your do not need to borrow so much. I am against large scale debt relief. People need to buckle down and pay off their loans.
To be fair, my parents wouldn’t “allow” me to go to a junior college for the first year/two years. I would be kicked out if I went to our local college instead of my 4 year university. Nearly $80,000 later and I’m the one to pay it off
Keep in mind that those who are working and have those loans are also tax payers, and the system is designed to keep people in debt, especially if one is not socio-economically stable.
Hi marissa i have a question I’m a 26 year old college student and I’m about to graduate next year and I have a small subsidized loan of 4k do you have any advice for me. I know you would probably say that’s nothing lol 😄. Thank you and congratulations on being debt free
I go into debt tomorrow, I only owe about $8,997 of student loans. I dropped out of college that’s why, but they’ve been charging me ever since, this helped me a lot!
I didn’t drop out but my financial aid ran out so I’m taking a break and got the bill this morning and I’m freaking out how to pay
@@alwaysme_tdon’t worry, make a plan on how you can repay and cut out any luxuries you don’t need. I was in the same situation but paid it all off in 5 months. You can do it!
Refinancing is a very smart move - I went from 10% in Sallie Mae to 3.8% in Laurel Road.
I got sallie mae for my pilot school $97,000 and have 8.125% interest rate. How did it work out for you, how lomg did it take to pay off your loan. I do around $940 monthy payments
So basically this is an ad for Juno.
Agreed! Too much plug-in. It loses credibility and I immediately lost interest in what she had to say.
So thankful for her content & content like this. This stuff should seriously be taught in high schools. I only just finished paying off my student debt 10 years post grad
I have to agree with you this stuff should be taught in high school. Even when I signed up to go to the university there's a lot of questions I didn't ask and I'm paying for it but I'm getting on the ball.
@@eleazararce5716 You got this!
Exactly! Thankfully I paid off all mine in about 5 months, but seriously I think a lot of people are misled into these student loans like I was. Parents and students might be equally misinformed. If schools want to encourage going to college so bad, then I think there should definitely be a whole class on this.
The only thing is sometimes you have to pay your balance down to even start the consolifation process!
How much did you credit score increase once u paid it off
refinancing has helped me save a lot of money that i would put towards my loans! instead of the money going towards interest, now it would go towards the principle
That’s awesome!!! Yes! Definitely has you pay less in interest over time and get those loans paid off sooner!
Thanks,I realized tht two of my loans were canceled and two in total are only 3,000 tht I can pay off in one month. The rest I will work on slowly starting this year.
Thanks Marissa! I think the only downside to refinancing federal student loans is that you loose all the potential payment options like income based, economic hardship etc etc, and also if federal student loans being eligible for the current forbearance. I guess you should definitely have a definitive payoff plan before you refinance.
I think refinancing private student loans has a really great potential! Federal do have additional benefits and typically lower interest rates. But it can make more sense for private loans!
I agree. If you’re willing to trade federal protections, potential forgiveness (when applicable) and income based repayment in exchange for lower interest rates and a shorter repayment period, then refinancing is a good way to go. But if not, I’d stick with federal loans and throw extra money toward the debt.
@@ileanacardona2248 Agreed, it’s a ‘catch 22’ if switching to private loans and refinancing. Need more $$$ to handle higher monthly payments and shorter term, even with lower interest payments.
Your videos of blessing I just watched it. Now I'm prioritizing! So thank you for the information!
This is great, thank you! Question: My daughter graduated this past May, and her loan payments are starting this December. She does plan to go BACK to school this fall though at a different school, for a different program. Can she/we still refinance those private loans (~115k!) and NOT have to start repaying yet? Or do we have to keep them with her current lender (SallieMae) until she's completely done with school? Thanks
I think she should not go to school with 115k in debt.
I think it makes more sense to take paying down the debt while she's currently in school if she really wants to go back. By the time, she graduates she would have paid off most of her debt.
Omg! Thank you so much! I was just thinking about student loans and was going to your channel to see if you have a video on it!
Yay!! So glad to hear that!
Thank you for sharing
Hello! The link you've provided in the desc box says it doesn't exist.
Just got it updated! So sorry about that! joinjuno.com/p/marissa_?grow=marissa_
This is very good. I recently started doing something similiar.
This is random but where did you find your white file/paper drawer in your office?
IKEA!
I was wondering the same thing
Did you guys having sinking funds when paying off debt?
Only a few!
hi the link doesnt work yet! just sayin. thanks for the info !!
Just got it updated! So sorry about that! joinjuno.com/p/marissa_?grow=marissa_
Hi, I am from India planning to study in UK January 2024 intake. I have taken an loan amount of 30 lakhs that is 30000 GBP. Can I will be able to pay back the loan amount after my graduation, by working in UK?
1 UK pound = 100 Indian rupees.
My monthly emi is around 490 pounds which means 50 thousand Indian rupees. Is it easy to make money in UK and send back to India as the currency exchange rate is high?? Please reply!!!!
Hi, I’m done with my masters in the UK. I have taken student loan as well. If you’re asking about jobs in the UK it totally depends on what subject you chose, what experience you have. Finding a job in the UK is quite hard. None of my classmates managed to find a job till now. We are 2022 September batch.
@@rakshar3494 Hi, Thanks for reaching out. In the UK even to find a part time job its too hard. Do you have any advise? How can I get job?
This really didn't explain anything
Good video!
My husband and I paid off all our student debt. I think kids borrow way too much money on school. They should consider going to community college first or living at home instead of going away. Your do not need to borrow so much. I am against large scale debt relief. People need to buckle down and pay off their loans.
Community college is a great route!!
To be fair, my parents wouldn’t “allow” me to go to a junior college for the first year/two years. I would be kicked out if I went to our local college instead of my 4 year university. Nearly $80,000 later and I’m the one to pay it off
@@gabbief789 best of luck paying it off. Clearly two year college is not for everyone. But it is for more kids who take them up on it
Sometimes, a community college isn't the best option, and not everyone is able to live at home while getting a higher education.
I know and I am very sorry that parents would do that. Unless you are desperately poor your kid is a delinquent, I do not understand that 😊
Good morning have a good day
Sending 87K to student loans is depressing…
It felt like a huge accomplishment and I have zero regrets.
I like this better than asking the taxpayers to forgive student loans.
Keep in mind that those who are working and have those loans are also tax payers, and the system is designed to keep people in debt, especially if one is not socio-economically stable.
Just got married and owe 80k in student loans lol
I know how to discharge and get student loans forgiven quickly, not to brag but I think that’s better and easier.
Feel free to share with the class
Help me
It's been a few years now, so what's your secret?
Hi marissa i have a question I’m a 26 year old college student and I’m about to graduate next year and I have a small subsidized loan of 4k do you have any advice for me. I know you would probably say that’s nothing lol 😄. Thank you and congratulations on being debt free
start paying on it now, since there is no interest right now. You can even finish paying it off before you graduate if dilligent. :)
❤
really enjoyed this video
This is random but where did you find your white file/paper drawer in your office?