Last month I finished paying my last student loan payment...its official I'm debt freeeeeee👍😂😂😂😂

@TheBemused

4 жыл бұрын

Amazing!!! Congratulations!! 🎉🎉

@Sazonman

4 жыл бұрын

@@TheBemused Thank you...feeling is amazingggggg ...I can slept much better now that I finished paying it all offfff.😁👍🏼

@TheKrazyKoala

3 жыл бұрын

congrats on paying off! I also paid off $300,000+ in full 100% after i completed 3 of my degrees. i personally don't like to pay more than minimum payments, unless it's super high interest rate. i would consider the opportunity cost and use it to invest and generate more. so i actually use the money to invest instead of paying the loans, then i ended up tripling my investment, so i paid off my student loans fast that way. i just posted a video about how i paid off $300,000 on my channel. please check it out and let me know what you think too 😃

@pa-zx5ct

3 жыл бұрын

When u pay loans off, did your credit score go down? If so, how many loans did u have and how many points did it drop?

@beigelover95

3 жыл бұрын

thats amazing!! well done!! I have £75,000 waiting for me

Occupation: Biochemist, Cancer Research PhD Completion: 2015 Salary: $52,000 per year May 2016 Balance: $51,000 March 2020 Balance: $4,292 Earliest Zero Balance Date: June 1, 2020

@hillaryc984

4 жыл бұрын

Way to go!!!

@eberjom9119

4 жыл бұрын

WOW!

@Betty_Monroe

4 жыл бұрын

MisterTutor2010 congrats 🎊

@kevinkidneyy

4 жыл бұрын

Dang what state ?

@MisterTutor2010

4 жыл бұрын

@@kevinkidneyy Texas

1. Set up auto-debit with your loan surfacer 2. Choose the right replacement method 3. Choose the right student loan payment plan (lowest minimum monthly payment) 4. Focus just on the loan you want to pay off first. 5. Make the payments as soon as you have the cash

@steffan683

Жыл бұрын

So grateful within the next week I’ll be 10k left to completely paying my off 100k debt.

@saanvi848

Жыл бұрын

@@steffan683 How were you able to do it?

@steffan683

Жыл бұрын

@@saanvi848

@steffan683

Жыл бұрын

@@saanvi848

@saanvi848

Жыл бұрын

@@steffan683 who is your financial coach, do you mind hooking me up?

During COVID-19, there is 0% interest on certain loans. If you can still make payments on your loans, please do! This means all of your money goes toward your principle. I started out doing the snowball method and paid off 5 of my 7 loans. I am now switching to the avalanche method for the last two loans since they are the largest and will pay on the loan with the highest interest rate first. I now only have 2 loans left and plan to pay them off in 4 months. This means I would have paid a total of about $29,000 over a period of about 8 months all during COVID. Debt be gone!!!! You can do it!!!!!

@TheBemused

3 жыл бұрын

Thank you for sharing!! Great progress! -Akeiva

@halimamohamud7927

2 жыл бұрын

How did you do it I owe $20,000 and I don't have a job right now at the moment give me tips please

@jandia5162

Жыл бұрын

Please give more advice on how you did this? How long will it be 0% interest for ?

@kittensmitten3287

Жыл бұрын

You were paying $3500 a month? Unless you're making over 125k a year, which majority of folks aren't, not everyone can pay that much in 8 months. Ppl need realistic strategies

@just2buteeful

Жыл бұрын

@@kittensmitten3287 You don't have to pay as much as I did. I was aggressive and I sacrificed alot! Like oodles and noodles alot. It's more about the method used to achieve the goal. This is all from Dave Ramsey. However, with the methods, you pay what you can afford and/or sacrifice.

Occupation: Postdoctoral Fellow in Cancer Research Salary: $47,800 per year May 2016 Balance: $51,000 October 2019 Balance: $9,629 Earliest Zero Balance Date: July 1, 2020

@TheBemused

4 жыл бұрын

That's awesome! Congrats in advance on paying off your student loans!

@arieldickinson9865

4 жыл бұрын

Damn

@ashafreeman2730

4 жыл бұрын

How?!!

@laninacook301

4 жыл бұрын

Wow

@Haliosman

4 жыл бұрын

How much do you pay a month?

Omg I had no idea that if you set up auto debit, it decreases interest by a quarter of a percent. Thank you!!!

@TheBemused

3 жыл бұрын

Yep! Thank you for watching! -Akeiva

@simonedishelle6720

2 жыл бұрын

Does it really work?

Step 1: make a bunch of money Step 2: pay off your loans Step 3: profit

@chrisd6736

4 жыл бұрын

Graduate from medical school. Ha.

@colei8752

4 жыл бұрын

@@chrisd6736 Or a STEM major

@BridgetBanksBudget

3 жыл бұрын

@@chrisd6736 ahaha

@TheIronChainMaster

3 жыл бұрын

You can do better than that

@davidbrooks8809

2 жыл бұрын

Yes!!

I just had to sign for a loan and I’m so scared😭😭😭. Definitely setting up a college fund for my children one day.

@TheBemused

4 жыл бұрын

Touche! Best wishes on the journey! On the bright side, you are learning how to manage these things sooner rather than later! -Akeiva

@isabellawright4365

4 жыл бұрын

The Bemused: Making Sense of Money 💰 Yes! Thank you🖤

@Realrejeababbiee

4 жыл бұрын

Same

@muchgoodisgiven1517

4 жыл бұрын

Nooooooo give it back, cancel. You hear too many stories...why?

@isabellawright4365

4 жыл бұрын

MuchGoodIsGiven !! I can’t afford to go to college without it

I prefer the snowball method.... but to each it's own. As long as we all pay them off.

@TheBemused

4 жыл бұрын

That’s the spirit! Best wishes on your journey. -Akeiva

@believeable1965

4 жыл бұрын

@Shimi's Life, what the "snowball" method you used? I would love to compare the ideas and see which one works for me. Thanks

@colei8752

4 жыл бұрын

@@believeable1965 The snowball method is paying minimums on all of your debts, and then paying the most that you can on the smallest debt. so if you have a 80,000 students loan, 50,000 car loan, and 5,000 credit card, you start with paying as much as you can on the credit card. once that's done, all that money snowballs down to the car loan. then student loans.

@coreyeverett5500

4 жыл бұрын

@@colei8752 It's not as efficient as the "Avalanche" method, which is paying off the debt by highest interest rate first. Bonus points for stopping when all your debts are less than 4-5% APR and investing the difference.

@colei8752

4 жыл бұрын

@@coreyeverett5500 You're right. I was just explaining what the snowball was

I got a total debt of about 84K and I’m tryna pay this down by next year! I’m gonna give this a go. This quarantine will help me do this. Tfs!!

@TheBemused

4 жыл бұрын

That’s one of the benefits of this weird time. You’ve got this! 💪🏽 -Akeiva

@Betty_Monroe

4 жыл бұрын

The Bemused: Making Sense of Money 💰 thank you! 😊

@TheKrazyKoala

3 жыл бұрын

I also paid off $300,000+ in full 100% after i completed 3 of my degrees. i personally don't like to pay more than minimum payments, unless it's super high interest rate. i would consider the opportunity cost and use it to invest and generate more. so i actually use the money to invest instead of paying the loans, then i ended up tripling my investment, so i paid off my student loans fast that way. i just posted a video about how i paid off $300,000 on my channel. please check it out and let me know what you think too 😃

This was so helpful! I've been stressing about my loans for months

@TheBemused

4 жыл бұрын

Aw, man! I’m so glad this helped you! -Akeiva

@TheKrazyKoala

3 жыл бұрын

I also paid off $300,000+ in full 100% after i completed 3 of my degrees. i personally don't like to pay more than minimum payments, unless it's super high interest rate. i would consider the opportunity cost and use it to invest and generate more. so i actually use the money to invest instead of paying the loans, then i ended up tripling my investment, so i paid off my student loans fast that way. i just posted a video about how i paid off $300,000 on my channel. please check it out and let me know what you think too 😃

@HolisticDramaFree

3 жыл бұрын

The Krazy Koala you mean you use the money that you would’ve paid towards your loans to invest and triple your investment to in turn pay the loans? Am I getting that right? If so 😍 kudos to you

@thagirlbre

3 жыл бұрын

The Krazy Koala damn what the hell

This should be 💯 shown to all high school seniors before they graduate. Just the thought that you are going to school to get a job to pay off going to school would be a wake up call.

@TheBemused

2 жыл бұрын

Agreed! You should at least know what you’re getting into and have a plan before it’s too late. -Akeiva

value

@TheBemused

4 жыл бұрын

Yes! You got thissss 💪🏽 -Akeiva

This was so helpful. I complete my degree next month and this is my second time watching this and about to go change my payment plan!

@TheBemused

4 жыл бұрын

Awesome! Congrats in advance on your graduation! -Akeiva

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I actually came to this exact plan on my own but then got panicky to make sure I made the right choice... which is how I came to your video! I’m so glad to see another person doing it the exact same way! And I’m literally paying off my car first then on to the loans!

@TheBemused

3 жыл бұрын

That is awesome to hear! Glad you found us! Best wishes on your journey. -Akeiva

Fantastic video, straight to the point, direct, insightful and helpful. VALUE!

@TheBemused

4 жыл бұрын

👏🏽 thank you for watching! -Akeiva

Hi. Thank you so much for this video. As a first gen student, I'm teaching myself all this info. Loans are a bit scary, but you definitely made this process easier to understand ❤

@TheBemused

3 жыл бұрын

I am so glad to hear that. Thank you for sharing. You've got this! -Akeiva

Im so scared, Im gonna have 120k in loans by the time i graduate college and that’s not including med school. This video calmed me down

@TheBemused

3 жыл бұрын

I’m glad it helped keep you stay calm! Student loan debt can be stressful, but having the tools and know-how to manage it helps! -Akeiva

@kingmidas2645

3 жыл бұрын

Just contact me. I have a solution

@broose117slay5

3 жыл бұрын

You can reach out to this dude on IG he helped me out with mine I got like 5 soft pulls out from him and some inquiries removed got his referral from a friend I must say his authorize trade line his handle on Instagram is hacker_gustavo4 my first car I bought was with his CPN and he did for 3other which I no he is a pro and legit you can reach out on watsap.+1(570)2439601.

@jerrivelrodriguez9447

3 жыл бұрын

@@broose117slay5 I smell scam🤔🤔

@g3-m780

3 жыл бұрын

@@kingmidas2645 how you gonna say this and not tell the rest of us?🥲😂

“VALUE” subscribed and saved to my finance folder... will be using this after i pay off truck note too...✌🏽

@TheBemused

4 жыл бұрын

Awesome! Thanks for watching! -Akeiva

DANG GORLL!! This was extremely helpful. You gave me the knowledge and assurance that I can pay off my student loan debt and that it isn't as hard as I make it to be!

@TheBemused

3 жыл бұрын

So glad to hear that!! Best wishes on your journey! -Akeiva

Value! Thanks for the video. I’m trying to help my wife find a solution to her student debt woes and this is a perfect first step. Thanks!

@TheBemused

4 жыл бұрын

I’m glad it helped! Thanks for watching and best wishes on the journey! -Akeiva

Great video! For me I was thinking of going extended graduated like yourself or extended level to have a low base minimum monthly payment, and then put the majority of my payments each month specifically to high interest loans and working my way down. Every article I’ve read always discourages choosing one of these two plans so that’s how I stumbled upon your video doing more research. Those articles must not take into account that we re putting the bulk of our money on the side towards specific loans within it.

@TheBemused

4 жыл бұрын

That’s exactly it! I’m glad you enjoyed the video! -Akeiva

This was so good I had to subscribe. You should do a Q&A! This really got me thinking

@TheBemused

4 жыл бұрын

Welcome to the Squad! 🎉

Thank you for this! I have about 80K in student loans (without counting interest yet as I am just graduating) and freaking out about high payments on the 10 year standard repayment plan! Will def look into the 25 year graduated plan and debt avalanche approach :)

@TheBemused

4 жыл бұрын

Awesome! Yes, look into allll of your options and figure out what works best for you! -Akeiva

@rachaelv1140

3 жыл бұрын

Look into the income driven repayment plans. Get yourself a lower payment and then pay more than that each month.

If you make under 55k per year, u can qualify for a federal income based program. They also come with student loan forgiveness.

Hello, I am not in college yet, but I can tell you that you are a godsend to future students who have lots of student debt. What you are doing is great!

@TheBemused

3 жыл бұрын

Thanks so much for your kind comment! Glad you’re enjoying the content. -Akeiva

Value! I've had similar ideas in conversation with friends and this finally backs it up with the numbers. Thank you for making this video it will definitely be helpful for me!

@TheBemused

4 жыл бұрын

I’m so glad! Thanks for watching! -Akeiva

Value...I hit like within the first 2 minutes. Actually helpful for my situation.

@TheBemused

4 жыл бұрын

So glad you enjoyed the video! -Akeiva

3:23 really got my attention and made me laugh 😂 I’m about a year from graduating so I wanna make sure I know all available avenues before I have to start making any payments and this definitely gave me some new insight.

@TheBemused

3 жыл бұрын

I’m so glad you enjoyed the video! Best wishes on your journey! -Akeiva

omg omg omg! this is my plan format! i didnt even know a video existed on this! i developed my strategy after YEARS of debating the various methods (while in school then during the pandemic) and I could have saved all that time by just watching this video! omg im sure you have helped so many people! this even gives me hope to know my plan is a good one because its exactly what you mentioned, thank you! 🙏

@TheBemused

3 жыл бұрын

Love it! Best wishes on your debt paydown journey!! -Akeiva

This calculator is AWESOME! I've been searching for searching for something like this! Thank you!

@TheBemused

3 жыл бұрын

So glad you like it! I love that calculator and use it religiously. -Akeiva

This was soooo helpful. I could cry 😭 thank you!

@TheBemused

5 жыл бұрын

You just made my day! So glad I was able to help you through this video, Natasha!! -Akeiva

VALUE x 100,000. Thank you so so much! You are so smart. I learned more about my student loans from you in

@TheBemused

4 жыл бұрын

I’m so happy to hear that! Glad you found value from the video. -Akeiva

YES VALUE, this was so helpful. Teaching me things I didn’t know I didn’t know. I’m hooked!

@TheBemused

4 жыл бұрын

🙌🏽 Welcome to the Squad & thank you for watching! -Akeiva

Very helpful video. You reminded me that I’m not alone. I can do this. I’ve been stressing about this for months.

@TheBemused

4 жыл бұрын

I'm so glad! Here's the link to another video that I think you will find helpful: kzread.info/dash/bejne/imR_tJeAj9XaaKw.html

WOW. WOW. WOW! You've got a new subbie. Thank you for this!

@TheBemused

4 жыл бұрын

Thank you for watching!! -Akeiva

Value! Awesome tips and advice! Good luck on your journey of being debt free :)

@TheBemused

4 жыл бұрын

Thank you for watching! -Akeiva

This is the first video I am watching of yours and I’m so drawn to you! 😀

@TheBemused

3 жыл бұрын

So glad to hear that. Welcome to the Squad! -Akeiva

Super insightful and not cliche at all! Thank you for teaching me how to be smarter with my loan payments!

@TheBemused

4 жыл бұрын

Thank you for watching!! -Akeiva

OMGOSH; everything you're saying is going over my head. I t's like Charlie Brown's teacher. "I DON'T UNDERSTAND!". I am so confused, I just want it to go away. At my payment rate, the rate that I'm making payments; it will NEVER be paid off! I got myself into this mess, and I have so much regret ever going to school! I did not fully if at all, understood what I was getting into. I was promised that the filed I went into, I will find a job quick, and I am nowhere near the field that I went into. Have anyone ever regretted going to school because of student loans? I f I had the job that I went to school for, I might be almost done with these payments and DEBT FREE!

@adfmo2195

4 жыл бұрын

HIGHLY FAVORED I certainly regret not being smart about loans. I should’ve looked for a TON of scholarships, worked more, budgeted my money, done prerequisites at a community college.... I’m with you though. So many regrets. Just want to get my life together. Recent single mom (husband is gone) so now I need to figure out how to pay off my loans while providing for my kids. God help us!

@TheBemused

4 жыл бұрын

I’m so sorry to hear how stressed out your loans are making you! Here’s another video that I hope will help: kzread.info/dash/bejne/imR_tJeAj9XaaKw.html

@SM-gt9vg

4 жыл бұрын

I'm right there with you. I was so lost in all of this stuff. It took me forever to get a job after college and the pay isn't at all what I thought it was going to be. I definitely regret going too. I ended up going with the REPAYE plan. I don't think my job has a ton of upward mobility. I'm not sure I'll ever be making more than $50k. So REPAYE base your pay on a lot of things like your family size, if you're married or single, how much money you make, etc. You have to update your info every year, but you only make payments for 20 years and whatever amount is left at the end is forgiven. So let's say you don't end up getting a job in your field or your field just doesn't pay much, you will make low monthly payments in this plan based on what you can afford and then all is forgiven after 20 years. The only downside to me is that when the remaining amount is forgiven, it is treated as income by the IRS. So when you do taxes, that might affect things. I'm just putting money aside in savings over the next 20 years so that if I owe taxes that final year, I'll be able to pay it off. It'll still be a lot less than paying off the entire amount of my loans in full plus interest. Look into "income driven repayment plans" if you're in the same boat as me.

@mrsbrownsugarsweetz

4 жыл бұрын

HIGHLY FAVORED totally agree!

@chrishandajenkins3168

4 жыл бұрын

I understand completely !

Wowww I’m only a minute in and getting so much value. I had no idea auto pay reduces interest 🤯

@TheBemused

4 жыл бұрын

Amazing! Glad you’re enjoying the video!

This is extremely helpful! I really feel like I have a plan of action now.

@TheBemused

4 жыл бұрын

That’s so awesome to hear! Best wishes on your debt payoff journey and welcome to the Squad! -Akeiva

Thank you so much for all these information. I really appreciate it!💯😄

@TheBemused

3 жыл бұрын

Thank you for watching! -Akeiva

👍🏾👍🏾 two thumbs up for paying off debt!

@TheBemused

5 жыл бұрын

👏🏽👏🏽👏🏽 -Akeiva

@TheKrazyKoala

3 жыл бұрын

I also paid off $300,000+ in full 100% after i completed 3 of my degrees. i personally don't like to pay more than minimum payments, unless it's super high interest rate. i would consider the opportunity cost and use it to invest and generate more. so i actually use the money to invest instead of paying the loans, then i ended up tripling my investment, so i paid off my student loans fast that way. i just posted a video about how i paid off $300,000 on my channel. please check it out and let me know what you think too 😃

Good video, my daughter is getting ready to start. My little advice would be if you can pay your monthly total broken up into weekly payments. You will save interest that way and it will be less for your mind to absorb if it’s a larger monthly payment. Set it up automatically and try not to think about it.

@TheBemused

3 жыл бұрын

Thanks for watching! -Akeiva

This was the best video. Exactly what I was looking for.

@TheBemused

4 жыл бұрын

Awesome! Glad you enjoyed the video. -Akeiva

Value this was fire and so helpful you really put me on to auto payments!!!❤️❤️❤️ Thank you!!!

@TheBemused

4 жыл бұрын

That makes me so happy! Thank you for watching! - Akeiva

❤️❤️❤️ Very helpful information! Ill be starting a graduate program and the loans will be quite a bit…………added to previous loans. Im already looking for ways to pay my loans off. Thanks for the content!💯

@TheBemused

2 жыл бұрын

So glad you enjoyed the video. Best wishes in grad school! -Akeiva

this was so helpful, thanks!

@TheBemused

4 жыл бұрын

Thanks for watching! I’m glad it helped you! -Akeiva

You're brilliant! Thank you! I subscribed. Thank you for the information.

@TheBemused

4 жыл бұрын

Aw thank you! I appreciate you watching! -Akeiva

I wish I ever thought about money when I was a young adult. You are one smart lady! This could really be the “All things Money for Young People AND old people who were clearly dysfunctional as young adults.” (Clearly I fall into the latter of the two categories.) Thank you for this video!

@TheBemused

4 жыл бұрын

Hahaha it’s never too late! Thanks so much for watching! -Akeiva

Value! I wish I had known earlier that setting up auto-debit could reduce my interest rate. I so thought the smartest thing to do was the standard repayment method over 10 years because it was the fastest method of paying off loans with the least interest, but listening to you explain that doing the lowest payment plan and simultaneously using the avalanche method makes so much sense!

@TheBemused

4 жыл бұрын

This makes me so glad! Thanks for watching! -Akeiva

Hopefully Biden help with atleast 10k of student debt. GOODLUCK TO ALL! 💕

@TheBemused

3 жыл бұрын

We can only hope!

@edwinnochebuena1214

3 жыл бұрын

I hope not! That just means higher taxes. I'm for refinancing or halting interest on loans to help people repay, but giving other people's money so casually is never the answer.

@monetsodopee

3 жыл бұрын

Romy mallari it’s for a good reason tho i think it should be requirements like for people who actually graduated with a degree should get some of their money forgiven. Just like how they got all this money for these stimulus checks and people with kids they should actually be help hard working people! We need doctors, lawyers, nurses etc...

@xander_k_

3 жыл бұрын

@@edwinnochebuena1214 it’ll probably only affect the top 1%. Also, reducing student loans helps stimulate the economy because people have more money to spend.

@edwinnochebuena1214

3 жыл бұрын

@@xander_k_ you are delusional, and you really have no idea how taxes are allocated. However, paying off the debt doesn’t fix the issue of people borrowing money to pay for a degree that isn’t worth it.

I have $27k and I’m trying to pay it off all within the next year so I’m debt free by my next birthday 💪🏼

@TheBemused

2 жыл бұрын

Awesome! Best wishes on the journey! -Akeiva

Thank you for this video!! Please don’t ever take it down 🙏🏿💯💯

@TheBemused

3 жыл бұрын

Thank you for watching! We certainly don’t plan to! -Akeiva

Value!!! I had no idea about auto pay! Setting it up rn! 😁

@TheBemused

4 жыл бұрын

Yay! Get your savings, girl! -Akeiva

@shaunesseyr

4 жыл бұрын

Yes. It's a small discount but anything helps.

value thanks for your straight forward teaching method without a lot of fluff in between. It made it easy to listen to you and watch. You are a natural-born teacher. Thanks again!

@TheBemused

4 жыл бұрын

Thank you so much for watching and for your kind comment! I’m glad you found the video useful! -Akeiva

great video. absolutely new to this stuff and I walked away with a lot of info. thank you

@TheBemused

3 жыл бұрын

So glad to hear that! -Akeiva

This is great. Your target audience is “young upwardly mobile” grads but many still paying loans can benefit from some of this info (while regretting not knowing earlier). There’s so little real counseling on these loans. Most interesting was consolidation downside (inability to avalanche high interest loans, well that ship has sailed) and reminder of interest accruing daily (we all like to take as much time as possible to pay monthly bills, clearly one should pay student loans asap). I subscribed.

@TheBemused

4 жыл бұрын

Absolutely! Glad you got a lot of value from the video and thanks for sharing your insights. Welcome to the Squad! -Akeiva

Value! Can't wait to knock my student loans out 💵💵💵💵

@TheBemused

4 жыл бұрын

👊🏽 we hope you do! -Akeiva

@willcolbert5324

4 жыл бұрын

If you ever need to clear off your debt contact Keith, +1#602#0769# I just cleared off $69,780 debt thanks to him

Thank you for this video! Did you do a video on the different loan repayment options that you mentioned at 5:37 ? I don't see it on your page.

@TheBemused

4 жыл бұрын

Thank you for watching! We haven’t. However, if that’s something that will be of interest to you, we certainly will! -Akeiva

@Mrsqueen876

4 жыл бұрын

@@TheBemused I would appreciate it!

@FacetyWellSweet

4 жыл бұрын

Hello, was this video posted as yetM

VALUE. I'm a CFP® and must say this video is concise, well-explained, and clear. I will be sharing this video with all my retirement plan participants who are recent graduates. Will definitely be coming back for more good content!

@TheBemused

Жыл бұрын

Nice to hear from a fellow CFP®️! Glad you found the video helpful. Not enough people are talking about this! -Akeiva

Thanks! Lots of valuable info!

I know I'm seeing this video 10 months after it was posted. That being said, you can login to FedLoan servicing, create an account if you haven't done so already and you can make additional payments towards individual loans at any time above your regular monthly payment.

@TheBemused

4 жыл бұрын

Yes, that’s correct for those who have FedLoan as their student loan servicer. The same concept applies for any federal loan servicer as well. -Akeiva

VALUEEEE!!!! I'm a community college student graduating in jan 2020 and this was soo helpful in regards to my future loan payments. Thanks so much honey

@TheBemused

4 жыл бұрын

Glad it was helpful! You've got this! -Akeiva

thanks. the link for the calculator was very helpful and your strategy makes perfect sense to me

@TheBemused

2 жыл бұрын

So glad you found it helpful! Thanks for watching! -Akeiva

Thank you very much sister that information really help. Keep the good work I'm your number one fan.

@TheBemused

3 жыл бұрын

Thank you for watching! -Akeiva

I applied for forbearance and was honest "I make plenty of money. I have no emergencies or job loss. I just want to pay on one loan, not all." FedLoan let me have forbearance for 18 months, which is enough time for me to pay off all my loans.

@TheBemused

4 жыл бұрын

That's one way to do it! Smart! -Akeiva

@ymartinez3

4 жыл бұрын

Isn’t interest being accrued on the loans? It’s so confusing.

@TheBemused

4 жыл бұрын

During a typical forbearance yes, interest still accrues. You just don’t have the obligation to make payments for a certain amount of time. In the current environment, under the CARES Act, no interest is accruing under this automatic administrative forbearance. Hope that helps! -Akeiva

@jeffravert3294

4 жыл бұрын

Akeiva is right. Interest is accruing. But if you are doing the avalanche method, you let the interest accrue on all your loans accept the loan with the highest interest rate. Only paying on one loan will ding your credit without forbearance.

@Fantasie891

4 жыл бұрын

While in a forbearance, interest will always accrue whether the loan is subsidized or unsubsidized. The only time interest does not accrue is in a deferment (you have to qualify for it and only subsidized loans does not accrue).

My student loan servicers NEVER allowed any prepayments or reducing interest rates... They also screwed up my records thoroughly!! Only one servicer allowed that after nearly two years of steady payments in default status, that all the overdue fees but not the interest was forgiven... If they were allowed to charge only interest or late fees, not both, that would be more like regular loans. Overdue interest each year was added to the original principle, so that in a few years, interest is calculated on interest as well!! The Federal student loan program needs drastic overhaul!!

@TheBemused

4 жыл бұрын

That sounds terrible! I’m sorry that your experience with your student loan servicer was so bad! Which servicer did you have? -Akeiva

This video is great. Better than the 10 or more articles I read about this topic. Thank you 🙏

@TheBemused

3 жыл бұрын

So glad you found it helpful! -Akeiva

I really needed this ❤️ thank you!!

@TheBemused

4 жыл бұрын

Thank you for watching! -Akeiva

Step 1: Finish college Step 2: live with your parents for 1-2 years spending as much of the money that you make towards student loans as possible Step 3: ez dubs

@TheBemused

4 жыл бұрын

That’s one way to do it! -Akeiva

@GorgieClarissa

3 жыл бұрын

not everyone has parents.... unless curling up in a grave counts?

@grantmartin2002

3 жыл бұрын

@@GorgieClarissa well, most people do haha.

@dumbphonemom

3 жыл бұрын

@GorgieClarissa In that case, don’t change your life’s and keep living as if you were a student for 1-2 years :)

@shawnsgirl4ever1

3 жыл бұрын

Or live with parents family while in college and stop foolish spending i lived with family first three years college covered by A + but was spender and had nothing to show parents had no money so loans 2002-2004 started destroying my future. I wish I had saved paid cash for classes especially grad school since it was 1 class at time. Also wick I had paid while in school especially grad school during Grace period six mo the and reduce capital interest almost 10000 I’d been debt free already and never left neltnet bc I hate Fedloan

Lol glad I watched the video until the end, I thought her name was Value... I kept seeing it in the comment section 🥴

@TheBemused

4 жыл бұрын

Hahaha I guess it has a nice ring to it. Thanks for watching!! -Akeiva

I paid off $15k in 2017 using some of these methods. It took me 7 years of sacrifice, but I was so proud when I got that letter saying I paid off my student debt!!

@TheBemused

2 жыл бұрын

Congratulations and thanks for sharing your journey! -Akeiva

Excellent points. Thanks for sharing!

@TheBemused

4 жыл бұрын

Thanks for watching! -Akeiva

I was just thinking about how I wanted to change my student loan strategy.

@TheBemused

4 жыл бұрын

Well, you’ve come to the right place! -Akeiva

I have 11,500 left 😭😭 hoping to get it paid off by next year

@TheBemused

4 жыл бұрын

Awesome! You got this! -Akeiva

@Keke-oh6zd

4 жыл бұрын

Got 19k left after an initial 40k loan. It was at 29k up until I paid 10k on it all at once last spring. I wanted to pay it off by 2021 but I had to loan 5 figures to my sister and her family. I'm determined to still have it paid of in 2021 though. Good luck!

@Honey-bg1zk

3 жыл бұрын

Wander Lust how did you do it please?

@Honeyluvssteph

3 жыл бұрын

Wow congrats

This was the most helpful video I’ve watched on loans yet

@TheBemused

4 жыл бұрын

Glad you enjoyed! -Akeiva

Value I used the calculator. For the standard: $79 a month (total amt paid..$9,429) For the extended graduated: $44-$133 (total amt paid..$9,921). So would the standard actually be cheaper for me or if I pay more than the bare minimum w/ extended graduated anyways I wont even accrue that much interest? I have 2 loans, subsidized & unsubsidized.

@TheBemused

4 жыл бұрын

Awesome! That’s the approach I’m taking! Ultimately, you’ve gotta go with a payment schedule you feel comfortable with and can stick to. -Akeiva

I cant even get a full time job with benefits here in Indiana. It's all bullshit🥴

@TheBemused

4 жыл бұрын

I’m sorry to hear that! What do you think is holding you back from getting a job? -Akeiva

@ms.andrea172

4 жыл бұрын

If you are umemployed, you can qualify for and income based program. Your payment would be zero and you only have to recertify 1 time per year. This program comes with student loan forgiveness.

@KayDejaVu

4 жыл бұрын

Start so.e dide hustle. Food, transportation, etc. I started an online gift company. Or....move when things open back up.

@BethKnox32

4 жыл бұрын

Have you tried OH or KY? or even a job not in your degree field, a degree open variety of doors and prayer

@leighsutherland6222

4 жыл бұрын

It is not BS. Did you think about the job market before choosing a major? Will you relocate for a job? Are you willing to work multiple jobs?

Value, thanks young lady. The information was definately valuable.

@TheBemused

4 жыл бұрын

Thank you for watching! -Akeiva

Great video thanks for the specific tips!

@TheBemused

4 жыл бұрын

Thanks for watching! -Akeiva

Please explain the payment options

@TheBemused

5 жыл бұрын

Are there any payment plans in particular that you have questions on?

@lakishareaves

5 жыл бұрын

@@TheBemused I am currently using the income based repayment plan

If I have 2 different federal loans, one at 6.08% and the other at 7.08% interest rate. If I consolidate them into one. Will I reduce the overall interest rate?

@TheBemused

4 жыл бұрын

It would be the weighted average of the two rates. For example, if both loans have the same balance, the new rate on the consolidated loan would be 6.58%. -Akeiva

Good video. You got to the point quickly and were very detailed.

@TheBemused

4 жыл бұрын

Thank you for watching and for your feedback! -Akeiva

After I pay off my car this year I will implement this strategy for my student loans. They don't stress me out like some people though. I don't know why...probably bc I've owed the money for so long and I'm just now hopping on the debt free train.

@TheBemused

4 жыл бұрын

That was me! Just paid off my car in December and now reallocating fund to my student loans. Good luck! -Akeiva

I’m just try to pay off my 10,800 debt so I can go back to college

@TheBemused

4 жыл бұрын

Good luck! -Akeiva

@mercedes5425

4 жыл бұрын

And I’m trying to pay 9,000 ! It seems as if it’s impossible

Step 1: try and get a decent job Step 2: do taxes every year Step 3: pay of your debts with tax money Step 4 : *STONKS*

THANK YOU !!

VALUE! Thank you girl. I can’t subscribe fast enough

@TheBemused

3 жыл бұрын

🙌🏽 welcome to the Squad! -Akeiva

My husband and I are in about 50k combined student loan debt. In a few months we could either completely pay off our student loan debt or use that windfall of cash on a down payment for a house.... Decisions decisions

@TheBemused

5 жыл бұрын

I can relate! I’m sure you’ll make the choice that’s best for you and your husband. -Akeiva

@marcussavina2726

4 жыл бұрын

Half and half!

@TheBemused

4 жыл бұрын

Awesome! Thanks for letting me know what you decided! -Akeiva

Thanks for the tips! I hope to pay off all my student loan debt soon

@TheBemused

2 ай бұрын

You got this!

VALUE!!!! This was so incredibly helpful. Thank you for sharing the knowledge! 🙌🏻

@TheBemused

2 жыл бұрын

Thank you for watching! Glad you enjoyed it! -Akeiva

Very valuable information. Thanks

Value, thank you for the tips!

@TheBemused

4 жыл бұрын

Thank you! -Meshack

Good Information. Thanks for sharing.

Definite got value. Thank you for this!

@TheBemused

4 жыл бұрын

👏🏽 Thank you for watching! -Akeiva

Thank you for the video! This is super helpful!

@TheBemused

4 жыл бұрын

Thank you for watching! -Akeiva

Great info. We are trying to find the best path to fund college for our daughter and this helps tremendously. Thank you.