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re: Probably been said but there is a fix to the student debt "crisis"

Posted on 5/16/24 at 3:16 pm to
Posted by Bass Tiger
Member since Oct 2014
46560 posts
Posted on 5/16/24 at 3:16 pm to
When I graduated in 1989 I had a modest loan balance to payoff when compared to the loan debt many youngsters are dealing with today. I got married 8 months later and a year after that we bought a house for $70k at 9% interest and PMI to boot. After buying our home we had $700 in a checking account and not much more in a savings account.....shite was tight.

We were newly married, I was starting a new career and we had a household income under $50k in 1990 but we decided we would payoff my student loans first in lieu of eating out, vacations, and new automobiles. We did that for 7 years and paid off my student loans early.....long before Dave Ramsey was ever a thing.
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