I wasted $20,000 dollars paying off my PT student loans

career student loans May 16, 2019

They say ignorance is bliss and I have to say that when it came to my loans, this statement couldn’t be more accurate.  At the end of PT school, I remember sitting in a presentation about loans. The speaker discussed how credit card debt was like bad cholesterol and student loans were like good cholesterol.  I’m a sucker for analogies and took this sentiment in full stride. I had good cholesterol. Nothing to worry about. Nothing needed to change.

So for the first three years of repayment, I looked at my loans as necessary and harmless- they were just another expense to be paid monthly.  I set myself on a graduated plan that would increase every two years, selected autopay, and made sure the $520 was included in my budget every month.

I remember wishing I didn’t have loans, but found solace knowing that this was the only way I could have become a physical therapist.  And while it was lousy, I was paying for an education I valued highly. So, I...

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