futurelawyer

So earlier this summer my final student loan owing was $46,690.
Loan 1: $20,789 (government)
Loan 2: $13,100 (government)
Loan 3: $13,000 (line of credit)

I am entering my last year of law school and won’t have to make payments well into 2010. I also got about 11K free money this year so will likely not fall further into debt, assuming I can live on a budget and work part-time.

Drum rolls… I also recently won a court decision and will be getting $16,000 from it. It’s a long story but great news. I’m going to use it to pay off the entirety of Loan 3 ($13000) and thus will no longer have monthly interest payments to make. I will have an extra $3000 to live off until i graduate.

This leaves me with approximately $33,889 owing upon graduation.

I just paid $1000 on my bank line of credit, that brings it from $14,210 to 13,210. I saved $1000 in one month from working really hard and saving everything. I now want to pay another $3200 by the end of the summer.

Paid off $100 on one loan last week. Only $4200 to go for the rest of the summer. A BIG payment is coming this week!