Should You Give Up Your Goals To Repay Student Loans ?

One of the questions that is often asked is should you give up your life goals and repay your student loans ? Here’s a question that was asked on Fox Business News, and Nerd Wallet recently:

Q: I want to get married, buy a house and hit other adult milestones in my 20s and 30s, but my student loan debt is holding me back. Should I put off other goals while I repay my student loans?

A: Feeling stymied by student loans is becoming a defining part of being a 20- or 30-something. The numbers are stacked against us: College is more expensive, we’re taking on more debt to afford it, and it’s harder for us to repay the money we borrow.

While paying off student loans is important I believe it’s personally important to also focus on your goals. You can do both if you live simply, and double down on your student loan repayments.

Some people have been able to repay in as little as 3 years.

Source: Fox Business

Default image
Sara Morris
Sara is the director of outreach at Affordable Online Colleges
Articles: 25