$155,000 Student Loans Paid Off #doctor #physicianfinance #personalfinance #money #medicaldebt

So I'm a hospitalist. I live in the Northeast, and I graduated in 2021.

Okay, tell us what milestone we're celebrating with you today.

So I paid off my student loans. August 2023.

Wow. In two years, you paid off all your student loans. So how much did you owe when you came out of residency?

So I had 155,000.

Why did you decide to put up to 50% of your income toward your student loans?

The burden of this debt weighing on me. There's a psychological burden. My interest rates were 7.9%.

Did you feel like you had to make any sacrifices?

I wouldn't call it a sacrifice, per se. It's a goal.