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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
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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. 

 





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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
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