Millennials Are Sharing How They Paid Down Their College Debt, And I Need A Minute

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'One head-on car accident settlement later, I paid off my student loans.'

9.

"I got an email from Navient a few weeks later asking for my 'inspiring story' on how I paid off my student loans. I thought real hard about some snarky response, like, 'just get hit in a head-on car accident and you'll be good to go.'""During the pandemic, my husband offered to pay off my loan with the money we had saved for a house. I make monthly payments back to our joint account . It is so much more manageable now.

"My *graduate* school loans, on the other hand... I can afford the payments, but they'll be with me for a long, long while.""I had $72,000 in loans upon graduation. I sat down with my parents who had their house paid off, and they used it as collateral for a home equity loan. This lowered the interest rate to I believe 3%. I then made payments and my parents committed to pay half the loan.

 

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