Part 5/7:
Navigating the world of student loans has not been without its complexities. Kaye described the evolving nature of federal student loan policies, particularly during the pandemic, which led to periods of payment pauses and interest forbearances. This legal landscape provided significant breathing room, allowing Kaye to focus on saving instead of paying interest.
Currently, Kaye has managed to reduce his total student loan balance to approximately $128,000. He outlines a plan for 2025 that aims to pay down to below $100,000. By leveraging dedicated savings and side hustles, Kaye is setting financially sound goals that are both ambitious and achievable.