08/21/2026
RUN YOUR OWN NUMBERS
THESE ARE MINE.
STUDENT LOAN BALANCE: $85,000
INTEREST RATE : 7.5%
MONTHLY PAYMENT: $788
TIME TO PAY OFF: 15 YEARS
TOTAL AMOUNT PAID: $141,832
$56,832 iN INTEREST PAID ALONE!!!
401K BALANCE: $95,000
MONTHLY CONTRIBUTIONS:$200
PROJECTED BALANCE IN 15 YEARS $283,535
AFTER PAYING OFF STUDENT LOANS
STUDENT LOAN BALANCE: ZERO
401K BALANCE $10,000
MAX CONTRIBUTIONS TO 401K EACH YEAR
BALANCE IN 15 YEARS $430,364
283K BALANCE WITH $142K STUDENT LOANS PAID
VS
85K PAID OFF AND $430K IN 15 YEARS.
RUN YOUR OWN NUMBERS. THESE ARE MINE
I WOULD'VE BEEN 50 YRS OLD BY THE TIME I PAID IT OFF WITH UNDER $300K IN RETIREMENT.
