Nelnet Student Loans Paid in Full: Journey to Debt Freedom
Background
In August 2021, our household embarked on an ambitious journey to eliminate over $45,000 in student loan debt. Originally, my husband owed approximately $38,000, but interest and late fees had accumulated over the years.
Refund Request
During the pandemic, we diligently made payments and requested a refund from Nelnet for overpayments made on our federal loans. Nelnet promptly processed our request, resulting in a significant reduction in our balance.
Financial Literacy
Throughout our repayment journey, we prioritized financial literacy and thoroughly researched available options. We learned about the Public Service Loan Forgiveness (PSLF) program and explored consolidation and refinancing options.
Debt Elimination
To our delight, we recently received a message from Nelnet stating that our student loans had been paid in full. This momentous achievement would not have been possible without our unwavering commitment to financial responsibility and the support of programs like PSLF.
Conclusion
Our experience underscores the importance of proactive debt management and seeking assistance when needed. By leveraging online resources and consulting with financial advisors, we were able to navigate the complexities of student loan repayment and achieve our goal of financial freedom.
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