In 2012, Kimberly Hamilton, now 35, graduated from grad school with $45,000 in student loan debt. She didn’t understand how interest worked but soon learned that if she paid off her debt in 10 years as prescribed, she would pay nearly 50% extra due to interest. “At first, I was super angry,” she says. She had goals for her money, including buying a home and starting a family. To add insult to injury, she was living in Washington, D.C., one of the most expensive cities in the country, she didn’t understand how to pay down debt, and her starting salary […]
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