Celeste Hernadez Revelli is a 32-year-old woman who wishes she would have done things differently when it came to her education. She works as the director of financial planning at eMoney Advisor. She helps her clients come up with financial plans so that they can avoid making the same mistakes that she made.
Celeste’s mother tried to do the right thing by helping her daughter with college. She took out a Parent Plus Loan. Celeste had no idea of how much her education would cost. When she graduated from college in 2008, she ended up owing $90,000 in debt.
Celeste wishes she would have researched grants, scholarships and other payment options before she took out any loans. She also wishes that she would gone to a community college for two years. When she met her husband, he had $60,000 in student loan debt.
Celeste stated that their parents did not have a college savings plan, so they had to figure things out on their own. However, the couple has managed to pay off most of their debt in just 10 years. Tom only has a few more student loan payments left.
Celeste stated that all of the money that they would have put towards savings they put it towards paying off their debt. She also contacted all of her lenders and got put on an income-based repayment plan. She also got a second job and put all of the extra money towards paying off her student loans.
She worked as a bartender on the weekends. The couple knew that saving was going to be a top priority when they got married back in 2017. Celeste stated that many millennials tell that they should be buying a house, having a large wedding or traveling. However, the couple wants to focus on paying off their debt.
Celeste and Tom have made many sacrifices to pay off their debt. They have missed family functions and worked without any days off. However, they believe that the sacrifices that they make will put them in a better place financially.