On Thanksgiving Day 2016, Jessica Elberfeld submitted her last student loan payment.
In seven years, she’d paid over $113,000.
Elberfeld originally borrowed $68,000 for two years at Belmont University, a private school, after two tuition-free years at a community college.
With interest — her rates were as high as 10.75% — the total she owed soared into six figures. The 29-year-old was able to have the loans consolidated in April 2015 at a 2.85% interest rate.