300K B4 Repay

Yikes! $300K?! How on EARTH are your loans that much?

You’re totally right to question that.

The truth is, actually owe $198,333.27 on my student loans (more on that below) and need to raise approximately $300,504.97 to pay it off in full – assuming interest doesn’t accumulate even further.

Here’s the breakdown:

• $198,333.27 is the amount I need AFTER taxes.
• Since I live in California, an estimated effective tax rate for state and federal income taxes is reasonably 33%.
• This means I need to raise $300,504.97 pre-tax income to be able to pay my $198,333.27 student loan balance.

I started community college in 2009, graduated from university in 2014, and went back to grad school from 2020-2023.

After years and thousands of dollars in repayment, these loans have only increased due to interest.

I work in the public sector with a hope that student loan forgiveness will remain a prospect.

The reality is though, there are no guarantees of students forgiveness.

It’s time to break free from the ball and chain of student loan debt.