Skip to main content

My One Year Student Loan Payoff Update

  January 28, 2022 marked my one year anniversary of paying off my student loans . Reflecting back on choosing to pay off my student loans leaves me with several take a ways that I want to share with you! In September 2020 I decided to become debt free by utilizing the debt snowball method to pay off all my debt. Before this I had struggled to save and really understand basic financial principles. As a first-generation college student, I received a scholarship to attend undergrad for free, but the scholarship did not cover summers. During the summers I took out student loans to cover costs without paying interest rates or how much I was taking out. By the end of undergrad I had amassed a little under $17K. Fast forward to graduate school I received another scholarship that covered my education. At the time I was a teacher in a new very expensive city and I had missed the cutoff to have my paycheck last me throughout the summer. So, I decided to take out a loan for two summers to keep

Joe Byron Extends Pause on Student Loan's Again!

 

Alright guys I’m back with another student loan update! After my last video I thought that Mr. Biden was done with the federal pause on student loan interest and repayment was going to begin soon. Apparently, he had a change of heart, and the extension has been put in place until May 1, 2022. Many people breathed a sigh of relief I’m sure and a little bit of hope has been placed back into the potential of student loan forgiveness being a thing again.


Figure 1: This is a YouTube thumbnail of my latest video on “Joe Byron Extends Pause on Student Loans Again!” where I am looking at the camera with a smug look. I am wearing a grey shirt, a gray beret, and there is a window in the background.


While my hope in student loan forgiveness was put on the backburner a long time ago it did get me to thinking a bit. Why is the pause continuing to be extended? Why can’t Biden just cancel student loan debt? What’s really holding him up? I have no clue to any of these questions honestly and I’m done racking my brain about it. I saw a post from the NAACP that stated that if Biden can keep extending the pause on interest, then he can forgive student loans as well. I couldn’t agree more however it is not happening and I’m done waiting. 


Figure 2: This is a screen shot from the NAACP that says, “If you can afford to pause student loan payments over and over again, you can afford to cancel it.” There is a multi-colored background with a photo of money. 

I am paying on my last student loan, and I will be finished with this whole thing long before May 1, 2022. With another extension I am encouraging you to make some head way on your student loans. It’s not too late! I understand that many individuals have an insurmountable amount of student loan debt but the way to eat an elephant is one bite at a time. That’s exactly what I did and I am almost there guys and you can do it too! If you want to know how I paid off over 11k in student loan debt in less than a year be sure to download my 8 Tips to Conquer Student Loan Debt free PDF.  In the meantime, check out my latest YouTube video and let me know your thoughts by leaving a comment below!



Figure 3: This is screenshot of my student loan debt email list sign up form. There is a picture of money at the top of the screen, a mini summary on how I paid off over 11K of student loan debt, and a button for you to click at the bottom to obtain the free PDF. 

 





Comments

Popular posts from this blog

My One Year Student Loan Payoff Update

  January 28, 2022 marked my one year anniversary of paying off my student loans . Reflecting back on choosing to pay off my student loans leaves me with several take a ways that I want to share with you! In September 2020 I decided to become debt free by utilizing the debt snowball method to pay off all my debt. Before this I had struggled to save and really understand basic financial principles. As a first-generation college student, I received a scholarship to attend undergrad for free, but the scholarship did not cover summers. During the summers I took out student loans to cover costs without paying interest rates or how much I was taking out. By the end of undergrad I had amassed a little under $17K. Fast forward to graduate school I received another scholarship that covered my education. At the time I was a teacher in a new very expensive city and I had missed the cutoff to have my paycheck last me throughout the summer. So, I decided to take out a loan for two summers to keep

How to Get a Free Doctoral Degree

Hey Guys! It’s been awhile right?! I know but I am back and ready to give you all the information you need! If you missed it last week on my channel , I discussed how you can get a free doctorate degree. If you’ve been following my doctoral journey, then you know that I am currently working towards my doctoral degree in higher education. I recently finished all of my coursework and I am officially working on my dissertation proposal this semester. I chose to work at a university so that I could not only work with students but so that I could also receive a discounted education. In the beginning of my journey, I received a $1,600 stipend towards my courses, and I paid fees out of pocket. I also received several scholarships along the way that helped to cover most of my fees. Last year my university decided to cover doctoral degrees at 100% for all professional staff which was a major benefit. While I understand that most folks do not want to join the education world don’t let this s

Biden to Forgive Student Loans in August 2022?

  Alright folks I’m back with another student loan update! According to CNBC, Biden is set to make a decision on student loan forgiveness by the end of August 2022. Now while I’m not entirely sold that this is actually happening, there are several things for you to be aware of. First things first there is still no clear information on how much will be forgiven. While Biden did discuss student loan forgiveness of $10K during his campaign trail other sources have reported higher amounts of 50K. Of course, none of this is set in stone and we are all waiting to hear something. This is a thumbnail of my latest YouTube video on “Biden to Forgive Student Loans in August?” I am looking at the camera suspiciously while seated in my office. The background is red. There may also be income restrictions of who may qualify for student loan forgiveness. Single folks may have a threshold of 125K-150K while those who are married may be between 250K-300K. There is also some talk surrounding what typ