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Ruby Said,
May 23rd, 2007 @11:44 am  

Wow, congratulations! This is a really inspiring story, and I’m sure you celebrated your debt-free-ness 🙂
It’s good to see someone else viewing some monetary goals as being more important than just mindless spending. I have a blog about frugal living and personal development, and you sound like you might be interested in stuff like that. If you are, could you please visit it at The Frugal Aussie ?

Aimee Said,
May 23rd, 2007 @5:22 pm  

Thanks for your comments Ruby. I didn’t throw a party or anything, I will save that until I have that $4500 tax money saved up again. At that point I will be able to do whatever I want with my money and will have a reason to celebrate!

Mandy Said,
June 1st, 2007 @9:49 am  

I’m sorry. I don’t think your numbers add up. I assume you mean that you netted $15k, not grossed. $15/hour for full time work is closer to $30k, not $15k, per year, so the few months issue sounds odd.

And cheap rent? How cheap? Even $400/month, which is really cheap is close to $5k per year. That doesn’t add up to your statement that at one point, you were paying $200-300 week (which works out to close to the $15k you stated you earned) on debt [edited – left out two words].

I’m glad that you have no debt, but I think that you had some help. Either your numbers are skewed or your parents/boyfriend/generous benefactor helped you.

At 0% interest, which we know didn’t happen, your payments to pay off $20k in two years would have been more than $800 per month – or $10k per year. I hardly think (again, that’s assuming no interest, which isn’t true) that you lived on $5k including rent, food, sundries and taxes.

Aimee Said,
June 1st, 2007 @5:50 pm  

Hi Mandy,

As I said at the end of the article, I took money out of my 2007 taxes to pay the last portion of the student debt that I owed so I actually still owe $4500 to the government for the end of this year. It took me 2 years and 1 month to pay off my debt. So that’s $620 per month, not including that the tax money.

Also I don’t know why you assume that I was working full time. As mentioned in the article, I was in school (full-time) until April of that year. So I only made 15k in 2005 because I was only working from June to December of that year and it was not full time work.

I was paying my boyfriend much less than $400 at that time. As mentioned in the post my boyfriend did help me to pay off my student debt by giving me a break on my rent and I love him for it. He is my Schmoopy Poo!

Krystal Said,
June 3rd, 2007 @9:20 pm  

What an inspirational story!! Congrats on getting rid of your debt so quickly! 🙂

I also was able to get rid of my student loan debt quickly ($17,000 in 10 months), and I was able to do it basically the same way you did … except it was the generous parents who let me stay in their rentable basement suite for the year while I paid off my loans.

Anyway, congrats again. I look forward to snooping around your blog some more!

Aimee Said,
June 4th, 2007 @9:38 am  

Wow 10 months, that’s great Krystal! Somtimes it takes a little bit of help from your loved ones.

You blog looks interesting as well, I’ll have to take a look through it.

June 22nd, 2007 @2:42 am  

I’m glad that worked out for you! That is a relief I wish was in the near future, but it isn’t. When I’m finished, while I do not have credit cards or other such debt – my student loans will excess 120k.

Yuck 🙁 I may, with some summer work, be able to chop that down about 30k, over the next two years. What’s more depressing is, it seems almost daily, I’m getting emails and letters about how the rates are increasing in July.

Ah well,

Abiding Sense of Tragedy

John Kim Said,
July 9th, 2007 @1:41 pm  

Hey, congrats on paying off your student debt. I hope I can pay off my debt just as quick. I used Next Student for my college loans and have about $5000 in student debt right now but I hope to use your tips to pay it off just as quickly.

Shay Said,
August 9th, 2007 @7:26 pm  

Congrats..Im looking for a way to cut down my student loans..I probably will have 60k when im finished..What is the best way and shortest way of cutting this debt down? I’m thinking about joining the army or becoming a teacher so I can get some of this debt paid…

December 6th, 2007 @6:51 pm  

It took me forever to knock out my school loans, and they weren’t even close to 20K. Way to kick AZZ!

DM Said,
February 12th, 2008 @1:47 pm  

Well done on clearing your debt. A few sacrifices are always necessary. Bet it’s a relief!

February 23rd, 2008 @1:49 pm  

All I can say is congratulation.

Paying off your loan is a huge accomplishment. The keys of your success are discipline, faith and clear vision on goal.

Even if you have repaid all of your debt, keep these strong values in your life. Instead of paying for debt, start saving.

In just a few years you’ll have a sizable fund for an investment.

Thomas Said,
March 12th, 2008 @4:59 am  

I have been lookin some program like you said in this post. But i need for more spesific. Now i have live in Singapore and theres nothing program like you said about here.

Anyway, thanks for wrote and keep share.


September 5th, 2008 @2:12 pm  

Wow! What a great story! Very inspiring. I have about $14,000 left in student debt and am on my way to paying it off. Thanks for your inspiring story.

Bryan Said,
September 9th, 2008 @3:58 pm  

Hi my name is Bryan… I went to a flight training school that turned out to be a fraud like many other tech schools (high cost, crappy training, money up front, then over a contract issue told 5 of us we were no longer accepted due to a employment contract we didn’t sign and couldn’t complete our training)… they still owe me 20,000 and my student loans are a little over 80,000$… between two loans the first, with 11% interest, and the second with 9%….. I’m paying about 300$ a month and when the second loan kicks in, and payments become due, I’ll be paying around a 1000$ a month. I’m at a stage in my training (which costs ridiculous amounts i.e. 100-300 hr) where I can’t qualify for any job in the industry (professional pilot) and can’t afford more than am already paying for the current loans that I paying and certainly not when the other loan kicks in sooooooooo…… any suggestions….. My loans cause me soo much stress and anxiety its almost crippling as I’m only 21 and really have no skills besides a few licenses obtained while training but I’d still need minimum of another 7,000-10,000 to complete the training and after the horrible experience and the financial scarring I don’t really know if i wanna go though with it or go to regular school and do something else that i could obtain I’m soo soo confused and my parents aren’t any kind of a financial net so to speak nor do they have there educations and struggle to survive themselves…. I thought I was going to better myself and I feel like I’ve just been cheated….(trying not to be bitter) I don’t really do horrible in school nor do I excel academically in anything. I’m usually a mess trying to come up with, what my next move will be… bankruptcy’s not an option as I’m sure you all know and I’m already involved in a class action law suit with four other students that are in same situation but it won’t see court for years and by then I’d just be paying off accumulated interest…. (thanks to our amazing judicial system;) any help would be amazing…..

September 12th, 2008 @2:55 pm  

I’m amazed by this – you’ve inspired me to work off my debt.

September 25th, 2008 @2:22 am  

Congrats, you have achieved your debt clearance goal within two years. I hope your interesting story to pay off student loan can help any body to make clearance of his/her debt in short period of time. Any ways thanks for sharing your wonderful experience.

November 22nd, 2008 @5:27 am  

Congratulations on paying off the debt. It’s over a year late but I just want to say not often do people can control their finances like what you did. 2 years is really fast considering what you have done.

Alex Said,
December 11th, 2008 @11:19 am  

Wow paying back your student debts so quickly is amazing!
I hope I’ll be able to do the same

February 25th, 2009 @12:39 am  

You’ve done it! What is important you’ve graduated from College and you be able to find a job and paying you debts makes you more responsible and proven yourself that no matter how hard your sacrifices are, you’ve still survive it. Discipline is one key to be a successful person.

AyeJay Said,
April 10th, 2009 @5:57 pm  

I am currently facing a large liability for loans myself and it seems a bit overwhelming. That is pretty impressive that you paid off so much in such a short period of time – all without a very large income as well!

June 2nd, 2009 @2:43 am  

Debt clearance is really very great.. congrats

aio-holic Said,
July 4th, 2009 @1:34 pm  

Wow.. I like this story.. So inspiring me. Congratulation

Char Said,
August 21st, 2009 @4:51 pm  

What an awesome story! You’ve done an amazing job! I didn’t know how to deal with my student loans, so I contacted the people at They worked with me for free to help me pay down my loans and get my life back on track. I am now debt free!

leesh18 Said,
January 25th, 2010 @10:18 am  

Wow! Congratulations! This has made me think, no, want to do the same!! I have about 20k in student loan debt. I am planning to get out of my expensive condo, which i rent, but its over $1300 a month including utilities! Even half of this could be going towards student loans! My loans are through Sallie Mae, who i cant stand!!! If your one day late, they will hound you with phone calls and emails, its very frustrating. Im going to swallow my pride, and move back in with my parents for the next 2-3 years and just save, save, save!!! Anyone, who is fresh out of college and taking loans out left and right, doesnt realize the debt build up which can effect you for the rest of your life!! Uhghgh i wish everyone luck paying off debt. It kind of upsets me, that school can put you in debt in the first place ;(

Richard Said,
January 27th, 2010 @3:00 pm  

New laws affecting the credit card industry my soon make getting a credit card as a student a thing of the past. So, your $5000 in credit card debit might not be such a big deal for a future student. New laws will require the student to have a job or a parents co-signature to apply for a credit card. The best option will be going with a pre-paid credit card such as the Mango MasterCard that has no fees with a monthly deposit. These types of cards will allow students to still have the benefits of a credit card for online purchases, gas, food, etc. while parents have the ability to re-load the card, watch their students spending and help teach the student money management and responsible spending without the huge interest fees and other drawbacks of a traditional credit card for students.

what? Said,
May 16th, 2012 @10:42 pm  

If i had 20,000 of debt I would even worry. It is a reasonable number. Either way good job!

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