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Here’s the budget of a 29-year-old who finished paying over $100,000 of student loans

jessica elberfeld debt party

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.

In the summer of 2016, nearing the end of her student loan payments, she shared her monthly budget with Business Insider. In June, she had put $2,238 read more >>>

Source:: BusinessInsider.Com