Harvard Grad Shares How He Paid Off $95K Of Student Loans In 7 Months http://www.businessinsider.com/harvard-graduate-tells-how-he-paid-off-six-figure-student-loan-bill-in-7-months-2012-6/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sat, 12 Jul 2014 07:15:47 -0400 Susan Johnston http://www.businessinsider.com/c/4fcf6f11eab8ead21b000020 cmonster Wed, 06 Jun 2012 10:54:09 -0400 http://www.businessinsider.com/c/4fcf6f11eab8ead21b000020 I'm willing to guess that you are a #1, 2, 3, 4, 6, and 7 from my list. http://www.businessinsider.com/c/4fcf5875eab8ea516800000c Jon Wed, 06 Jun 2012 09:17:41 -0400 http://www.businessinsider.com/c/4fcf5875eab8ea516800000c What an awful idea to take from his IRA. Paid 38% in taxes and penalties. Huge waste of money. http://www.businessinsider.com/c/4fcf4e286bb3f7ce22000003 toddd Wed, 06 Jun 2012 08:33:44 -0400 http://www.businessinsider.com/c/4fcf4e286bb3f7ce22000003 In the real world, the kid with $100,000 in student debt has ZERO ASSETS. In the real world, the same kid graduate from a state college and can't find a job that pays more than min wage. In the real world, the same kid is making less than $20,000 per year (IF THEY ARE LUCKY TO HAVE A JOB) and even if they paid every single dime they made from working at TARGET, they'd still take 8 years to pay it off. Who the FUCK uses a HARVARD grad as an example of how to pay off school debt? The guy is obviously spoiled and with plenty of assets. This rivals the one story where that other ivy-league spoiled bitch told us how she cut back on her vacations to the Hamptons and borrowed $50,000 from her parents to pay off her student loans. LMAO. Talk about out-of-touch with reality!! Let them eat cake? This completely diminishes the hardships that REAL PEOPLE are dealing with. $100,000 is a death sentence for the majority of graduating college kids. Most of which didn't graduate from Harvard, didn't have $100,000 worth of assets to sell on Craigslist and will most likely live the rest of their lives in their fucking parents BASEMENT! http://www.businessinsider.com/c/4fce8f71ecad042723000002 cmonster Tue, 05 Jun 2012 19:00:01 -0400 http://www.businessinsider.com/c/4fce8f71ecad042723000002 In the real world: 1.) People don't begin investing early like he did 2.) People have mountains of debt, but rarely is it due to investing in their own growth 3.) People follow what educators teach without question and follow mindlessly 4.) People spend beyond their means, typically using credit on disposable items 5.) People spend money to appear as if they are financially sound 6.) People aren't usually intrinsically motivated 7.) People typically are ashamed to publicly disclose their actual debt Yep, cute indeed... http://www.businessinsider.com/c/4fce657a6bb3f7707c000003 Justin Poppiti Tue, 05 Jun 2012 16:00:58 -0400 http://www.businessinsider.com/c/4fce657a6bb3f7707c000003 Exactly. http://www.businessinsider.com/c/4fce5db4eab8ea464c00000a Nick L NYC Tue, 05 Jun 2012 15:27:48 -0400 http://www.businessinsider.com/c/4fce5db4eab8ea464c00000a How cute.. Unfortunately in the real world, many people do not have enough after tax income (even if they are making $100,000 + a year) to contribute to an IRA let alone pay off a $94,000 debt in 7 months. He sure had some nice 'toys' especially those 'Burberry Reading Glasses". How many of those toys sold on Craigslist (for probably 50% of the original price) were originally bought with the student loan funds?? And how was he able to afford a bike & motorcycle which probably cost in the high four figures each ??? {{{Spending is pretty similar to when I was paying off the debt. I haven't gone on a dinner date yet. I'm still driving my 12-year-old Honda. I'm still packing a lunch every day. My friends and I are still hitting up the BYOB place before we go downtown. I bought a couple of shirts for the first time in a year.}}} Driving a 12 year old honda?? Annual repair costs will exceed annual car payments on a 2012 Honda Accord. Haven't gone on a 'dinner date'?? poor thing I mean really!