White Coat Investor Podcast

MtoM #264: Paying Off $250,000 in Student Loans in a HCOL Area

8 snips
Mar 2, 2026
A gynecologic oncologist shares how she and her partner cleared $250,000 in student debt in under a year. They describe drastic lifestyle sacrifices, family support, and using home equity to accelerate payoff. The conversation also covers navigating high housing costs in Northern Virginia and balancing savings and investing while carrying large debt.
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ANECDOTE

Paid Off $250K Of Student Loans In 11 Months

  • Jasmine and her husband paid off $250,000 in student loans in about 11 months after training.
  • Jasmine had $220,000 and her husband $30,000, and they used aggressive repayment concentrated in that short period.
ANECDOTE

Lived With In-Law To Cut Costs

  • To enable fast repayment they lived with Jasmine's mother-in-law and paid reduced rent and groceries were shared.
  • They sacrificed privacy and space for about a year, living in a three-bedroom townhouse with close quarters.
ANECDOTE

Used Home Equity To Accelerate Repayment

  • They sold their Rhode Island house and pulled $150,000 equity, applying $100,000 directly to loans.
  • The remaining $150,000 of loans was paid from their post-training income while living frugally with family.
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