2 answers
Amy
Student
Saint Johnsville, New York
2
Questions
Asked
706 views
Will I be able to pay off my student loans after graduation and still have money to live on?
#studentloans
Login to comment
2 answers
Kevin Hsu
FP&A
15
Answers
Washington, Washington
Updated
Kevin’s Answer
Yes, for sure. The key is to make payments while you are in school as generally, federal loans don't accumulate interest until after you graduate. Any payments you make during school go towards the principal. I used my part-time job and summer internship money to make payments.
Post-college, I dialed back my life-style. I had roommates, cooked 6 days a week, and used public transportation. The additional savings went towards making additional student loan payments. Make sure to leave yourself enough room to still have fun! Your 20's are a great time and you should have enough to go out with friends or go on a trip!
Post-college, I dialed back my life-style. I had roommates, cooked 6 days a week, and used public transportation. The additional savings went towards making additional student loan payments. Make sure to leave yourself enough room to still have fun! Your 20's are a great time and you should have enough to go out with friends or go on a trip!
Hannah Edwards
Sales Development Representative at Okta, Inc.
5
Answers
Updated
Hannah’s Answer
Hi Amy- you will be able to live, but the amount of loans you have combined with your other bills will be dependent on the lifestyle you live. Make sure to do as much research as possible on loans as well as scholarships so you can be sure you're only borrowing as much money as you need to.