An IIM Calcutta alumna has gone viral after sharing how she cleared a Rs 30 lakh MBA loan in just two years using four income sources. Her post has drawn attention as education loans remain a major concern for students planning higher studies.
She said the repayment plan combined savings built before business school, internship income, part-time work during the course and salary after graduation. The story has resonated online because it offers a practical route to reducing student debt faster.
The graduate, who posted on Instagram through the handle @avani.rathore25, said she also benefited from having no dependants, which allowed her to direct more money towards loan repayment.
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Pre-MBA Plan
“I paid off my IIM Calcutta MBA loan in 2 years, using 4 sources of income - First is Pre-MBA Savings: Before my MBA, I worked for two years. I didn't touch my investments (mutual funds, PPF, etc.) but used my liquid savings for my fee expenses,” she said.
She said using savings instead of long-term investments helped lower her borrowing needs while keeping investments intact.
Extra Income
The second source came during the MBA course through a paid internship.
“Internship Stipend: During my MBA, I did a summer internship that paid well,” she said.
She later added another stream in the second year after securing a pre-placement offer.
“Part-time job: Since I received a PPO, I started working part-time during my second year, earning extra income to put towards my fee,” she said.
Salary Push
After graduation, she said regular salary income became the biggest support in closing the loan quickly.
“Post-MBA Salary: Fortunately, I don't have dependents, so I could dedicate a significant portion of my salary towards loan repayment after graduation,” she said.
She ended her post with advice for borrowers. “If you're working towards paying off a loan, remember: it's a marathon, not a sprint. Every little effort adds up.”
She also said some may prefer paying only the minimum loan amount and investing surplus money elsewhere, but she wanted to become debt-free sooner.
“A lot of people might not find this to be a very good financial decision because you get a collateral free loan at a very good interest rate. So it makes sense to people to continue paying the minimal amount and invest the rest of the money to get better returns in other areas. For me, personally, I didn't want a headache of a loan because I wanted to leave my job and start something new.”
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