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This Simple Hustle Can Pay Off Your Student Debt In No Time

If you’ve spent the last two-five years in college, you’ve probably accumulated student debt up to your eyeballs.

Well, you’re not alone.

In 1958, the National Defense Education Act was signed into law by former US President Dwight D. Eisenhower, allowing college students to borrow up to $1,000 from the federal government to assist them in paying tuition. Every year, countless students took out higher loans to pay for expenses — increasing student debt. 

Since then, according to Experian, before the year 2020 hits, the total amount of outstanding student debt will hit over $1.41 trillion in the United States. 54 percent of college students are currently taking on student debt averaging $35,359.

It can be intimidating.

“College is part of the American Dream. It shouldn’t be part of the financial nightmare for families.” — former US Senator, Barbara Mikuski.

Student debt

Most student loans give you a six-month grace period from when you graduate before you must start paying back your debt. Once that 180 days are up, you’ll be sure to see those federal aid statements rushing toward your mail or email inbox.

From there, you have four options:

  1. Start paying the loan each month with the money you’re earning from your entry-level (probably) job.
  2. File for an income-driven payment plan and pay back the debt based on how much you earn, which can result in more extended installment fees. 
  3. Default your loans (we don’t recommend… ever!)
  4. Start working Per diem in a side hustle job that fits your college degree. 

If you have a degree or certified medical training in:

  • Physical Therapy | Physical Therapy Assistant
  • Occupational Therapy | Occupational Therapy Assistant 
  • Speech Therapy

You can easily earn extra work by seeking Per diem employment for an in-home health staffing registry. With thousands of in-home health care and hospice agencies located throughout the US, getting set up to earn extra cash is as easy as making a phone call or downloading an app to register. 

As stated above, since the national student debt average is  $35,000 plus, and many loans are set up for a 10 to 30 year pay off…

... let's hustle and breakdown the math to pay off your student debt in no time.

Physical      Therapy

Cash Per Visit            $80

Visits Per Year             88

Cash Per Year         $7,040

x 5 years =          $35,200

Physical Therapy Assistant

Cash Per Visit             $70

Visits Per Year            100

Cash Per Year         $7,000

x 5 years =            35,000

Occuptional Therapy

Cash Per Visit            $80

Visits Per Year             88

Cash Per Year         $7,040

x 5 years =          $35,200

Occuptional Therapy Assistant

Cash Per Visit             $70

Visits Per Year            100

Cash Per Year         $7,000

x 5 years =            35,000

Speech Therapy

Cash Per Visit            $80

Visits Per Year             88

Cash Per Year         $7,040

x 5 years =          $35,200

Boom!

As you can see, it’s possible to pay back your $35,000 student debt within five years.

Of course, the individual result will vary, but hopefully, you’re getting our point that you can work as much as you want, when you want, for as long as you want. That’s the advantage of working as a freelancer in the medical field.
Countless medical professionals strictly work in the world of Per diem medical field as it gives them ample free time.

Author
Tim Kirkpatrick

Tim entered the Navy in 2007 as a Hospital Corpsman and deployed to Sangin, Afghanistan with 3rd Battalion 5th Marines in the fall of 2010. Currently, Tim holds two film degrees, including filmmaking and screenwriting, and has written over 1k+ articles ranging in topics from medical, entertainment, fitness, history, and humor.

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