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How I paid off $100k+ in student loans in less than ONE year | Student loan debt

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  • Опубликовано: 18 авг 2024
  • Hi friends, in this video, I share how I paid my business school loans (more than $100k) in less than a year. I share a few tips that helped me through that journey.
    You can check Prodigy Finance here: bit.ly/3HfelCj
    Watch this video about how to pay back student loans: • The BEST Strategy for ...
    If you don’t have enough cash for proof of funds, you can use a sponsorship letter. Watch how that works here: • How to pay for college...
    You can check out other funding videos here: • GRAD SCHOOL FUNDING
    My Yale graduation story (chit chat): • STORY TIME | A VERY CR...
    If you’d like to get application and funding tips for grad school, join my mailing gang here. I promise not to spam you 😊
    Join my mailing list here: bit.ly/3IOhOYB
    Join me on Instagram: / doyindoccom

Комментарии • 86

  • @tracygarner5912
    @tracygarner5912 Год назад +22

    Not all companies offer stock, sign on bonus, nor bonuses. If I sent every penny I take home to Aidvantage I still can't payoff 100k in 12 months.

  • @XX-fn2wj
    @XX-fn2wj Год назад +24

    Congratulations! However the entire video is basically saying that you were able to pay off the debt because you got a very high paying job- which is great, but not relatable for most of us. Most people don't make 100k in a year. I think the moral to the story may be for folks to NOT take out large loans unless they are pretty sure they have the connections to acquire a great paying job like you have.

  • @orjijames2998
    @orjijames2998 2 года назад +7

    You have a laser focus. Mindset is everything.

  • @edagobobelieve1116
    @edagobobelieve1116 3 месяца назад +1

    Talk about amortizing student loans. For example someone paying a large sum to quickly pay off their loan but the large sum is accumulated and kinda gives this person a room that once they miss any payment, their payment can be gotten from the accumulated amount. The draw back here is that without amortization, they get to pay an interest rate based on the initial amount borrowed and even when the total balance reduces, the interest is almost the same. So, the loan company suggested amortization of the loan but something doesn’t seem clear. Do you mind sharing your opinion on that. Thanks in advance

  • @SAIZAMAIZE
    @SAIZAMAIZE Год назад +1

    From all you said; You are just a disciplined person.

  • @umarabdulwahab3776
    @umarabdulwahab3776 Год назад +10

    Hi Doyin. Your videos are eye openers, gives hopes, warning and the information are invaluable. Thank you. I just got a loan for my program in the US starting by January. I'm currently waiting for my i20. Thank you Doyin

    • @Doyindoccom
      @Doyindoccom  Год назад

      Congrats. I'd love to learn more about your student loan application journey. let me know if youre willing to share

    • @monsieurjulian
      @monsieurjulian Год назад +2

      Hi doyin when going to the visa officer how does one convince the visa consular on how they are going to pay back so as to grant the visa

    • @odewoleabdul-jemeel8859
      @odewoleabdul-jemeel8859 Год назад

      @umarabdulwahab3776
      Which loan platform did you use?

    • @amafelly8546
      @amafelly8546 Год назад

      Hello have you got the visa

  • @silasonugha6371
    @silasonugha6371 2 года назад +3

    You are really helping most of us here , God bless you .

  • @henryugochukwu8398
    @henryugochukwu8398 2 года назад +2

    Thank you so much for this Doyin. Super helpful.

  • @madeenahuthman7601
    @madeenahuthman7601 2 года назад +8

    I can't help it, you're so real.this information is real life saver. I had always thought I couldn't get loans to go to grad school. Even though I'm looking at the UK, your info made me research more and I've seen one. The moment I get my offer, I'd kick it.. .... I'd talk with you in person one day. Hugs...

    • @Doyindoccom
      @Doyindoccom  2 года назад +1

      Thank you!

    • @mercyrobinson9153
      @mercyrobinson9153 2 года назад +1

      Please, which student loan is that
      I got an offer letter from Uk

    • @mariamajiboye1011
      @mariamajiboye1011 Год назад +1

      Hey Madeenah. Could you share more information on how to go about loan application in UK schools?
      I would appreciate.

  • @ayodelesalaudeen1301
    @ayodelesalaudeen1301 Год назад +1

    Thank you for this eye opening message. It’s really helpful

  • @leyeram
    @leyeram Год назад +2

    Hi Doyin, keep being you and educate more..... you are soo real👍

  • @millicentankyeraah
    @millicentankyeraah 2 года назад +7

    How did you explain your home ties after presenting a student loan letter?

  • @omogbolahanidowu5965
    @omogbolahanidowu5965 Год назад +6

    This is such valuable information one may not get anywhere else. Not so many people share their struggles with paying back huge student loans.
    This is important information for the vast number of international students considering taking a huge loan. paying back isn't just as easy as they advertise the loans.
    An important point to note.
    You got a good job! what if that was not the case?
    Now the big question: Is the financial burden coupled with the immigration status burden as an international student really worth it after all?
    THANK YOU DOYIN FOR SPEAKING FROM THE HEART.

    • @Doyindoccom
      @Doyindoccom  Год назад +6

      Thank you Omogbolahan. Yeah my job definitely helped me with paying back. I think it's important to really understand your chances of getting a job after graduation, before you take a loan. It is different for different programs. Some programs are more lucrative

    • @elizabetholusolaglory2527
      @elizabetholusolaglory2527 Год назад +3

      @@Doyindoccom Babe, you didn't answer Gbolahan's second question. Is it worth it on the long run, loans, burden of immigration status?

  • @caxandraiwueke5175
    @caxandraiwueke5175 5 дней назад

    Why did you go for Quorum? Could it be because their interest was low compared to others since its federal?

  • @opeyemitemenu9981
    @opeyemitemenu9981 2 года назад +2

    Please share your excel. How many % of one's income should one dedicate to the repayment of high-interest student loans. Please break this down in a video. My notification is on.
    Thanks for sharing this.

  • @tots-fears
    @tots-fears 2 года назад +3

    Hi Doyin. Can you do a video on how you secured a job right before graduating? I just got admitted into MS management at Massachusetts.

  • @habibaikediobi5121
    @habibaikediobi5121 2 года назад +2

    You snow balled the debt. Awesome.

  • @johnsahel1662
    @johnsahel1662 4 месяца назад

    If I took a student loan and had say a 10,000 imbursement today, with an interest rate of 16%, and I wanted to pay tomorrow, does it mean I pay the 10,000 plus the interest accrued on the 10,000 in that 1 day period?

  • @offcampushostels9945
    @offcampushostels9945 2 года назад +3

    You didn't share much dear, how much was the total amount interest plus principal? How much was sign up bonus? What consulting are you doing? What's the name of your company? All these will help us to take decisions

    • @elizabetholusolaglory2527
      @elizabetholusolaglory2527 Год назад

      Doyindoccom, you are asked to share some very personal information. Are you game. Lol

  • @faisalhudu7679
    @faisalhudu7679 Год назад

    Great video! very informative

  • @fijoikechukwu6654
    @fijoikechukwu6654 5 месяцев назад

    Hi Doyin, please how can one navigate around having their visa application rejected because they intend to fund their program using a student loan? As a Nigerian, how do I explain my home ties and sound convincing that I do not intend to stay in the US after my education? I guess what I am driving at is this, what is the likelihood of getting my visa application accepted to study at a top school in the US with funding from student loans?

  • @coachishaaq
    @coachishaaq 2 года назад

    I just subscribed.....that's for sharing this information

  • @silasonugha6371
    @silasonugha6371 2 года назад +2

    Can a graduate with low grade apply for this loan (Prodigy or Mpower)?

  • @madeenahuthman7601
    @madeenahuthman7601 2 года назад

    I just love you dear Doyin.... You're so real.

  • @jimmusanya8463
    @jimmusanya8463 2 года назад

    Helpful information.

  • @immanuelabiodun6215
    @immanuelabiodun6215 Год назад +1

    Doyin please what Loan lenders did you use?

  • @alexpiper1115
    @alexpiper1115 Год назад +1

    i thought it was a serve for me to pay off 25K in 2 1/2 years.

  • @emekarichard
    @emekarichard Год назад +1

    Doyin thanks for your story paying off your loan. But I would like to know if a loan can be stopped if you’ve funding maybe from the government or you got a paying job that could cater for you study bills.

    • @johnsonajayi7846
      @johnsonajayi7846 Год назад +5

      Yes as long as the loan has not been disbursed, even if it had been disbursed and not yet used, you can send it back, however, you will have to pay interest on the # of days that you have the loan.

  • @elvisnnaemeka6722
    @elvisnnaemeka6722 Год назад

    Doyin, is there any disadvantage of taking student loans?

  • @kelvinaagboada4530
    @kelvinaagboada4530 2 года назад +3

    Can you assist with loan bodies in Canada? For international students

  • @frankmwenda40508
    @frankmwenda40508 2 года назад

    Thanks for this kind of in4

    • @toniafrancis7970
      @toniafrancis7970 2 года назад

      Hello Doyin, is it possible to still apply for a scholarship after getting a study loan?

  • @onyiugwunwa2328
    @onyiugwunwa2328 Год назад

    Please how do I get loan to study nursing at charles Darwin University Australia.
    Please help me, send me some loan companies

  • @oluwagbengaobanleowo722
    @oluwagbengaobanleowo722 Год назад

    Can someone use loan to secure a visa

  • @kingmega6165
    @kingmega6165 4 месяца назад

    New York

  • @tijaniabdulrazaqlaide2562
    @tijaniabdulrazaqlaide2562 Год назад

    Pls can i get student loan to study in Australia

  • @Ashley-mp2yw
    @Ashley-mp2yw 2 года назад

    Hey, I want to apply to 3 colleges but each need proof of funds in the application, can I still apply for a loan without applying to a college, I'm very stressed about this as they say the can't process the application without proof of of funds

    • @datcatsavedme7071
      @datcatsavedme7071 2 года назад

      You can contact the admissions of the school you plan on attending and ask for a application fee waiver

  • @TalesOfUrhobo
    @TalesOfUrhobo Год назад

    Thanks for the information but did you service the loan while schooling

  • @positiveattitude1695
    @positiveattitude1695 Год назад

    This was helpful, but my school was not found in the list, what should i do

    • @charlesedozie9457
      @charlesedozie9457 Год назад

      What list exactly sir? What loan company are you looking forward to using? Does it require a cosigner or collateral?

  • @njidekaonuorah7099
    @njidekaonuorah7099 Год назад

    Can you Give me loan company that works in Ireland pls

  • @queennoel1216
    @queennoel1216 Год назад

    Please share your excel

  • @hajabalubaion626
    @hajabalubaion626 4 месяца назад

    If I succeed I will like to talk to you one and one conversation

  • @SamsonAAasa
    @SamsonAAasa 2 года назад

    Please do you know about a study loan for North Arizona university?
    I got an admission the only school that responded to my applications but I could not get the expected funds. Please how can I go about it?

    • @samuelhutton8836
      @samuelhutton8836 2 года назад

      Pls Doyin can you reacts to this message it's important to me

    • @Doyindoccom
      @Doyindoccom  2 года назад

      Which loan company have you tried?

  • @user-im2db6bj3x
    @user-im2db6bj3x 4 месяца назад

    In your current content you said you got sponsorship stop misleading people

    • @Doyindoccom
      @Doyindoccom  4 месяца назад

      All the best! Wishing you joy and peace!

  • @strongmotivation2667
    @strongmotivation2667 2 года назад

    How do you request the university a part of your loan to cover your living expenses

    • @Doyindoccom
      @Doyindoccom  2 года назад +2

      Covered this in a recent video. Check my loan Q&A videos

    • @princekalasuwei
      @princekalasuwei Год назад

      Thank you for the insightful video. Please what are the most suitable repayment plans when applying for a visa?

  • @rachealkigozi4353
    @rachealkigozi4353 2 года назад

    Is it possible to pay back a 70k loan with Co-op payment?

  • @stellaehindero5402
    @stellaehindero5402 2 года назад

    Hi Doyin, can you help us apply for these loans and secure it? You have the technical know how. We need help

    • @Doyindoccom
      @Doyindoccom  2 года назад +4

      You have to apply yourself. I can do videos to explain the step by step process soon

  • @ihama99
    @ihama99 Год назад +1

    You didn't get cash. You got a a check or direct deposit into your account. When you say cash, it sounds like they put raw cash in your hands

  • @huhu6759
    @huhu6759 Год назад

    stop telling us lies about paying 100000usd loan. how?

  • @indrajitghosh4415
    @indrajitghosh4415 Год назад

    Hey , how you managed to pay the interest during the course ?

    • @Doyindoccom
      @Doyindoccom  Год назад +3

      I didn't pay while I was in school. I started paying once I graduated, even though interest accrued while I was in school

  • @nnaemekacephas874
    @nnaemekacephas874 5 месяцев назад

    What do you think about taking $100k for a master's degree in Data science at 14%?

    • @nnaemekacephas874
      @nnaemekacephas874 5 месяцев назад

      And is there a video where you explain these interests?

    • @nnaemekacephas874
      @nnaemekacephas874 5 месяцев назад

      How many percent is considered high interest? And the interest is it per year or month?

    • @nabodimma
      @nabodimma 4 месяца назад

      14% on what terms? Yearly? Also is interest being accrued daily?

  • @TRPTV22
    @TRPTV22 Год назад

    I Doyin recently gained admission to the University of Portsmouth to study MSc Sports Performance, but I'm kind of having a funds challenge. Which company do you know can help me student Loan? i really don't want to miss this opportunity, cause it ismy second time of gaining admission.

    • @Doyindoccom
      @Doyindoccom  Год назад

      Which loan options have you tried?

    • @TRPTV22
      @TRPTV22 Год назад

      @@Doyindoccom I don't know any for UK universities, the ones I'm seeing are for US universities

  • @sethamtsberg2609
    @sethamtsberg2609 Год назад

    Liar

  • @tajudeenadekola9838
    @tajudeenadekola9838 Год назад

    Hi Doyin, thanks for all the informations, please do you have any telegram channel?
    Because I saw one under a video of yours I watched which I joined and when I chatted the person I was told to pay a 200 dollars consultancy fee and that she's going to help me get the loan without me getting involved... I just want to be sure if it's really you. Thanks

  • @MindfulLife4U
    @MindfulLife4U Год назад

    On qourom, they're asking me for mobile number, tried inserting my Nigerian number but it's not working.

  • @kaylamcleod1164
    @kaylamcleod1164 2 года назад

    Thanks for sharing this info. I’ve sent you a dm on instagram do you mind checking it up?

    • @Doyindoccom
      @Doyindoccom  2 года назад

      I don't think I saw your message. Can you resend?

    • @tchanousaustene9827
      @tchanousaustene9827 2 года назад

      Hi Doyin.
      Let me have your insta.
      I have some particular assistance