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How This Young College Grad Bucked The Student Loan Racket

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How This Young College Grad Bucked The Student Loan Racket

How This Young College Grad Bucked The Student Loan Racket

University of Pittsburgh graduate Mandy Velez left with a diploma and $75,000 in debt, in 2013.

According to Business Insider, that's when she got the shock of her life.

If she made monthly debt repayments as expected, she'd be in her mid-50's before paying them off!

So she decided to pay off her loans sooner, and got busy.

She used the debt snowball method to pay off her loans sooner.

The debt snowball method makes minimum payments on all debts.

Extra cash goes toward the smallest debts first.

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