Tackling Student Debt with a Plan

Part 4: AlumSum

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Part 4: AlumSum as Your Student Loan Management Tool

In the first three articles of this series we approach tackling your student debt by looking at the situation in two ways: micro-level and macro-level. The first article deals with a smaller, micro-view of tackling your student debt in the topic of budgeting. In the second and third articles, we then shift to more dramatic ways on how to substantially cut the time and interest you would have to pay on your loans by increasing your income and refinancing your loans. Please check them all out to see how incorporating all these measures can have a snowball effect on reducing your student debt. This last article will cap off the series and you’ll be able to see how AlumSum, coupled with the topics covered in the first three articles will equip you with a tool chest to tackle your student debt.

How AlumSum Benefits You

woman looking up from computer and smiling

The idea of AlumSum came from my own personal struggle of not knowing my student loan situation well because I had loans spread across various lenders. I also had a hard time figuring out how certain changes to my financial situation or monthly loan payments can impact how quickly I could pay off my loans and how many thousands of dollars in interest I can ultimately save.

We are making AlumSum that go-to student loan financial tool for those pain points and all your student loan needs. As you may have already experienced, the student loan management process is inefficient and broken. We are filling the gaps. From managing your loans, to personal financial education, to finding options to lower your interest rate, we are in your corner. We are building powerful tools to help you navigate the complex. We want to help you understand how to speed up paying off your loans so you can achieve your other financial goals even faster. There are too many other life milestones to look forward to and paying back the cost of your education shouldn’t have to hold you back from those destinations. We are here to help.

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AlumSum is on a mission to be the best student loan management tool you need to stay on top of all your student loans and save you time and money on paying them down. Please join our email list here to become one of our first users. When you sign up you will also get a link to a sample Google Sheet Budget that’s based on my own personal monthly budget. You can copy and save the sample, then change the categories of expenses to better suit your situation. If you’ve never budgeted before, it’s a great first step on seeing where your money is going.

Thanks for reading and stay tuned,

James Y Kim

Founder of AlumSum

Disclosure: Opinions, recommendations and analysis provided in this article are those, solely of the author’s and have not been reviewed, approved or endorsed by any financial institution. The contents of this article are also not provided or commissioned by any financial institution.

James Y Kim

Having spent my career in both the pharmaceutical and capital markets industries, I got the opportunity to go back to school and pursue an MBA. I fulfilled that life goal and graduated from the University of Chicago Booth School of Business, taking with me the knowledge, experiences, and relationships but also a significant amount of student debt. When I started to pay back my loans I realized that I had to go to a number of websites from my multiple providers to pull up all my individual student loan accounts. There wasn’t one central website that gave me a quick accurate snapshot of all that I still owed. That’s when I got the idea to build that very tool that satisfies that fragmented pain point. I hope that alumsum addresses that need for you to view all your highlighted student loan information in one place while providing helpful information to cut down the time and interest off of paying down your student debt. James is graduate of the University of Illinois at Urbana-Champaign (BS) and the University of Chicago Booth School of Business (MBA).