I graduated from my doctoral pharmacy program 1.5 years ago with ~215k of student loan debt.
So far, the balance has been paid down to 170k. The weighted-average of the interest rates is 7%.
Fortunately, I am blessed to have a startup (C-Corp) that is having great earnings EBITA > 1M. My business partner and I own >90% of the shares in the company. While we are paying ourselves lower than average salaries, we agreed to find ways to help reduce my student loan debt.
I have become a strong believer in paying debt down aggressively.
Unfortunately, the U.S. tax code is complicated. For example, if we give myself a huge lump-sum bonus through payroll - I am afraid that much of it will end up being taxed and will lose its impact on my student loan balance.
What would be the best strategy to leverage my C-Corp to pay off my loans?