Life & Money Everyday Money Managing Debt Scott Stump Jan 03, 2018 This Couple Buckled Down to Erase $40,000 of Student Loan Debt in Just 18 Months Part of our Debt Confessions series share Bobby and Coral Hoyt cut way back on their living expenses to put the majority of their income toward their debt, which they were able to pay off in just 18 months. Related Articles article What Happened When I Paid Down $112K of Debt Too Fast Learn more article I Paid Off $30K in Student Loans While Traveling the World Learn more article I Took Side Gigs to Help Pay Off $87,000 of Student Loan Debt Learn more