The Story of 28 Years Student Who Repaid $62,000 Of Student Loans In Just 2 Years

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It is a Story of Tommy Lesage Jr. who is a public servant. At the age of 28 Tommy Lesage is a police officer in Massachusetts and a First Lieutenant in the Army National Guard.

The Story of 28 Years Student Who Repaid $62,000 Of Student Loans In Just 2 Years

The Story of 28 Years Student Who Repaid $62,000 Of Student Loans In Just 2 Years
Tommy LeSage is also one of 44 million Americans who collectively owe $1.4 trillion in student loan debt. The Student has prove that If You do work with full determination and Hard Work Everything is possible in this Planet.

Tommy Lesage has not repaid his debt in full As, Tommy has repaid $62,000 of student loan debt in two years, and has about $1,300 remaining. Apart, from This He owes his father approximately $36,000 for an additional educational loan.

Here is Some Conversation When Ask About This Thing : 

Tommy Lesage: I never checked my credit score before, and never even looked at my loans or what I owed. My best friend Andrew shamed me into checking my credit score and to analyze the numbers I owed. I had a cold sweat dripping down my back when I saw that I was $120,000 in debt and had a 435 credit score. The Student says my life was over financially before I even knew it, or so I thought.


  • When Ask about How did you then turn around your financial life Towards You ?

Tommy Lesage: Andrew recommended that I needed to start paying every cent I had into my loans in order to make an attempt to get out of debt as fast as possible. First, we looked at my income, expenses and spending. Then, we established a strict four-year payment plan in order to get out of debt.

I bought all my food in bulk at BJ’s Wholesale. I planned my meals and basically ate the same meals everyday for breakfast, lunch and dinner. I lived with my parents, which was a huge leg up and allowed me to save at least $1,000+ on rent. I still had a modest car loan, gym membership, cell phone, health insurance, car insurance and Netflix.

I realized that this was a time to sacrifice. I cut down on coffees, going out and buying any lavish gifts. I thought that if I buckled down hard now, I could reward myself in the future.
  • When Asks about IN addition to cost-cutting, you also had a savings plan Also ?
Tommy Lesage: That's right. Every paycheck that I received, I would put in an average of $2,000/month into my loans, and attacked them one at a time. I picked one loan at a time and started knocking them off one by one. I became obsessed with seeing the numbers significantly go down.

Loan service providers want to give you the “lowest payments” in order to make the monthly payments less of a burden for you. In reality, they’re making it more of a burden for you because they are just adding to your interest, making it longer for you to pay them off.
  • When Asks about What advices You Give to Student Who wants to Repay Student's Loan ?
Tommy Lesage: I will tell them to Fully Utilize your resources, Educate Yourself, Read books and Find something you want and go get it. Utilize student loan calculators, refinance student loans and ask questions to Yourself.

You control your destiny. Every question unasked is another stone unturned.
  • When ask About the advice you give to a student loan borrower who was in your situation and wants to get out of debt?
Tommy Lesage: Get organized, face your fears and look at the numbers.The numbers tell a story, and it is up to you to make your own ending. Do you want to live your life having to pay someone else all of your hard earned money? Or do you want to make your own rules as you go along? Depends On You!
  • When Ask About What inspired you to work in public service as a member of law enforcement and serve in the National Guard?
Tommy Lesage: Ever since I was a child, I had a passion for law enforcement and the military. I knew that public service was my calling and it was something that I believed in. I had a strong ability to lead others and I was tenacious, which allowed me to be quite disciplined and goal-oriented.
  • When Ask about What Did you ever consider Public Service Loan Forgiveness?
Tommy Lesage: Yes, I was very interested in the Public Service Loan Forgiveness program. However, it did not fit within my timeline. Since I had only been out of college for three years, I would have needed to make 120 payments over 10 years. I would’ve been 36 years old.

Public Service Loan Forgiveness didn’t offer me what I needed in time.
  • When Ask about What did you learn from your financial journey?
Tommy Lesage: I learned through failure. Failure to some people can drag you down in the dumps and suffocate you.Had I not found the passion for learning about money, investments and real estate by reading some great books such as Rich Dad, Poor Dad by Robert Kiyosaki, then I wouldn’t have ever found the drive to be where I am today. And it helps to have a friend who is brutally honest with you.

My favorite quote that I live by is from Franklin D. Roosevelt: “A smooth sea never made a skilled sailor.”
  • When Ask About What will it feel like to have financial freedom Like You are Feeling ?
Tommy Lesage: I feel like a massive weight has been lifted off my shoulders.I feel like I am able to determine my own destiny and not have banks or loan collectors tell me where my money goes. I suppose I tell myself that I have obtained financial freedom, but that is more of a self-coaching technique to stay positive and keep myself motivated.  But I know that I defiantly took the first step.

So, That is the The Story of 28 Years Student Who Repaid $62,000 Of Student Loans In Just 2 Years I hope You Like This Article on Grabeveryday.




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