A post from my teaching blog in which I begin to contemplate laying out a concrete plan to attack my student loans.
Since it’s contract season and I inked mine for 2013-14 yesterday, I’ve been doing a lot of financial thinking and planning recently. I started reading a bit on student loan stories – the ever-present heavens of my personal Atlas. I had heard of the Harvard debt dude before, but this week spent a big chunk of time reading his blog. While Harvard’s dude’s efforts and accomplishments are commendable: “90k of loans in 10 months,” they’re not very realistic. First, Harvard dude (who’s actually also a Michigan dude which makes his blog even more appealing to me) paid off 25k+ right off the bat with retirement savings. So, really we’re looking at 65k of loans in 10 months. With a 100k+ salary. As the P90X commercials say, “Results not typical.”