pay off my student loans

Paid off my Graduate Loans before I actually graduate(May 2012). They were my main focus and every extra penny was put towards them. Followed the Dave Ramsey plan and I’m on Baby Step 4+.

So it’s been a while since I’ve been on this site. I had printed out my 21 goals and put them in my journal as a reminder. However, I really missed the community so I’m back on here.

Ok so as far as my student loans are concerned around March of 2010 I had about $6000 left. I ended up picking up a waitressing job in addition to my bank job, and directed all of my tips and checks from the second job to my student loans. By the end of the summer they were PAID OFF!. That being said I did start my MBA so as it stands now I have $7220 to pay back and I’m almost done with my MBA, 3 more classes to go yay. The student loans are all subsidized, and still at 0%. My plan is to start applying some money to them now and get rid of them ASAP.

I received some money from my parents for graduation and I continue to plugg away. I have (drum roll please) $7,700.00 left. It’s finally under $10,000.00 and I can’t wait to pay them off. I’m going to Europe on Monday May 25th for two weeks and I’m really hoping I don’t overspend what I budgeted for. I might relax a little bit for the summer so I can have fun, but then again I might not. I really really want these two loans paid off so I can put some money aside again. They will definetely be done within a year…but I’m hoping way before then.

Another one bites the dust! Paid off another Sallie Mae loan. Three more loans and $10,200.00 left to go. My next loan that I’m taking down is with my credit union for $1400.00. I’m graduating in May so I’ll put what my parents give me as a present toward my loans. Can’t wait to be DEBT FREE!

So one of my smaller loans I have paid down to $497.00. I have some jewelry from my ex-bf that I do not wear or really like. So I’ve never sold any of my jewelry before but I’m thinking about doing it as long as they give me a decent price. If anybody has any suggestions about how I should go about doing this let me know.

I’m so excited I’m getting a tax return of $1992.00. About $350.00 of it I’m going to use to pay off my credit card, which I’m not going to use again. Had a little spending spree for my birthday. Then the rest about $1600.00 is going toward my student loans which will bring me under $10,000. Whipeeeee. Goal if I’m lucky to have them paid off by Dec. 2009. Might be wishful thinking with the way my work hours are going. But better something than nothing.

Another pay day!! So I put another $255.00 on the loans and it’s down to $11,486.00. Can’t wait to get my tax refund and add to it. It’s actually going down nice and steady…and it’ll be exciting to see it under $10,000. There are sooooo many goals that I have for my money so even when I’m done paying these loans that money will be going into savings. Thank god I’m smart enough to be prepaying these loans rather than to have them build up and then have payments with most of the money going toward interest.

So my official total as of today for my student loans is $11,733.29. I paid about $9,000 off already and hoping to pay all of these off by Dec. 2009 (being optimistic) that’s when repayment starts. Good thing is that $4,500 is sub.by the gov’t so no interest. But still so much more to go. Plugging away full force :). The Dave Ramsey Way!!

So I’ve been pretty aggressive with these loans even though I don’t graduate till May and the payments don’t start till Dec. I have them down to $11,728.31 and still plugging away. When I get my tax return it’ll go toward the loans. The only good thing is that out of that total, about $4500.00 is subsized loans where I’m not paying any interest right now. And hopefully I won’t have to because I want them paid off by the time of repayment. The only thing standing in my way, is that due to the economy work cut my hours to the min. I’m required to work 22.5 per week. Usually I work way more even with school. Ah well I guess it’s a sign I should enjoy my last semester which I do not mind. Going to see Wicked this Sun. in NYC. I’m so excited and it only cost $25..tickets and bus ride what a deal!!!

So I got my tuition reimbursement from work $3265.00, so I payed off two of the highest interest loans I had. Uh but still $14,000 to go. Slowly but surely. I want to pay as much on them as possible. And I get to graduate in May, then reward myself with a 2 week trip to Ireland and England. ( I saved for that myself and I never took out student loans but to cover tuition. Even paid for books out of pocket :)