Author: Amanda Reaume

How One Veterinarian Reduced His Student Debt By $130,000 in 6 Years

When Dr. Robert Ormond, 36, graduated with his veterinary degree from St. Matthews University in 2011, he had over $175,000 in student loans.That amount of debt might seem like a lot, but Ormond knew that his reliable income as a vet would make repayment easier for him than it might be for other borrowers.“I am not stressed about the amount because my income covers the payments,” he said. “After the sale of my first home, I will have the rest paid off.”Graduating with medical debt can be a mixed blessing. A medical professional, you are likely to have a...

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This Nurse Paid Off $97k in Student Debt

Over the course of three degrees, Catherine Burger, 49, racked up around $97,000 in student loan debt. Burger first got an associate degree in nursing in 1990 and took 10 years to pay back the $28,000 she took out in loans.While that experience made her wary about taking on more student debt, in 2008 she realized that the only way she could advance her career as a nurse was by getting a bachelor of science in nursing—which ended up setting her back another $32,000 in debt.Fast forward to 2013 when she went back a third time to get a...

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This Grad Paid Off His Loans After Forbearance Caused His Loans to Balloon

When it comes to your student loans, you want them to decrease in size over time, but that’s not what happened for financial coach Cornelius Davis Jr. He took out $38,000 in student loans for a master’s degree in Urban and Regional Planning at Jackson State University, which he completed in 2001, but his debt ballooned up to $71,000 after leaving his loans in forbearance for seven years.Davis Jr., 44, decided to get serious about his student loans around the time when he was making a big push to become completely debt-free. In total, he had over $170,000 in...

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How This Teacher Paid Off Half of Her $200K Student Loan Debt

More students are taking out over six-figures worth of student loans to get their degrees, but not all grads with that much debt end up with high-paying jobs after graduation. That’s been Diana’s struggle after graduating with a BA in Inclusive and Special Education in 2014 and an MSC of Literacy Education in 2015 from Syracuse University.When she walked across the stage at graduation, she had a total of $201,096 in loans. Diana, who asked to keep her last name confidential, was able to land a job prior to finishing her degree, but she struggled to repay her debt.“At...

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How One Law Grad Paid Off Over $191K in Student Debt

Your student debt might be keeping you up at night, but imagine if you had $191,948.91 in loans? That’s the amount Joshua Holt, 37, borrowed to get his law degree from Boston College. All of that debt became a huge source of stress for the corporate lawyer.“Who wouldn’t be stressed by a $200,000 anchor hanging around your neck,” he said. “It made me feel completely tied to my high-stress and high-income job. I have plenty of colleagues from law school who did not end up in big law firms and I know how hard it has been for them...

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