Exactly just How quickly should you pay your student loans off? Two cash 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 50 % of college graduates in Canada, that they had figuratively speaking.
Casey, 33, the creator of financial literacy site cash After Graduation, completed her degree that is undergraduate with $21,500 in federal federal government figuratively speaking after which utilized a credit line to invest in element of her MBA. Engen, 40, a fee-only economic advisor and daddy associated with Boomer and Echo cash we we blog, left college with almost $30,000 with debt.
The tales of the way they repaid that load couldn’t become more various. Yet, the advice they need 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 stack of pupil debt at record speed — and she did. In only 22 months, at age 27, she had was able to repay the national federal government in complete, a feat that helped propel her to the top echelons of Canada’s money blogosphere.
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