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

Exactly exactly just How quickly should you spend your student loans off? Two cash professionals 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 half college graduates in Canada, that they had figuratively speaking.

Casey, 33, the creator of monetary literacy internet site cash After Graduation, completed her undergraduate degree with around $21,500 in federal federal federal government student education loans after which utilized a credit line to fund section of her MBA. Engen, 40, a fee-only advisor that is financial daddy associated with Boomer and Echo money we 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 finished her study that is undergraduate she determined to incinerate her heap 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 federal government in complete, a feat that helped propel her to the most truly effective echelons of Canada’s money blogosphere.

Burning a lot more than $20,000 in figuratively speaking within just 2 yrs wasn’t simple. To turbo-charge her earnings, Casey prearranged a chemistry tutoring gig on the top of a job that is full-time.

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