exactly How quickly should you spend off your student education loans? Two cash professionals share their tales

exactly How quickly should you spend off your student education loans? Two cash professionals share their tales

exactly How quickly should you spend off your student education loans? Two cash professionals share their tales

Bridget Casey and Robb Engen are two of Canada’s best-known money bloggers — and, like at the least half college graduates in Canada, that they had student education loans.

Casey, 33, the creator of monetary literacy site cash After Graduation, completed her undergraduate level with around $21,500 in federal government student loans after which utilized a credit line to invest in element of her MBA. Engen, 40, a fee-only economic consultant and daddy associated with Boomer and Echo cash we we blog, left college with almost $30,000 in 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 student debt: Casey’s tale

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

Burning a lot more than $20,000 in figuratively speaking in under 2 yrs wasn’t simple. To turbo-charge her earnings, Casey arranged a chemistry tutoring gig on the top of a full-time task. Czytaj więcej about exactly How quickly should you spend off your student education loans? Two cash professionals share their tales