pay off my student loans

to the pesky private loan company. It felt great writing another $400 check to them this month. I could have done more as I have 1,300 in savings and 800 in checking. But, I need to be careful and save up for my next trip to visit my husband in London. My tax refund will probably used for my visit to Mark as well.

These private student loans are my primary focus as they are 8.5% variable. I will tackle them sooner rather than later! I will be getting a big check at the end of the school year (enough to hold a teacher over the summer) and I hope to use most of that towards student loans as I will gain summer school employment and not need the money to tide me over summer holiday.

Congrats to everyone completing this goal!

Sissy

Just made another $400. payment this month versus the 145.60 minimum payment that was due. I know it’s not a lot more than the minimum but every wee bit helps. I just recieved my tax informations today so hope to get those filed soon. Cannot wait for the refund check. Perhaps I will use some or most of it to pay off part of one of these non-federal 8.5% variable student loans! I owe 12 and a half grand on non-federal alone. Federal is lot more but at least the interest rate is low and fixed!

A new statement came and instead of paying the $184 minimum payment I sent a check for $600 and I specified for them to apply the extra amount to one of the loans.

Doing this felt good but I’ll feel even better when Mark is here and we can work together to really ge cracking on both mine and his. His should be low interest rate through the UK government at least.

and I’ve mailed out payment to rid myself of ONE of those pesky variable high-interest rate loans.

I was going to pay over the phone but the guy I spoke with said there was a 15 dollar fee to make a payment by phone so I decided to mail them instead. They should get the payment soon! I still have extra money so when my next statement comes I’ll probably attack the smallest of the remaining loans so that I can pay it off eventually.

Now I can’t wait till next years “big check” from work so I can pay off another loan completely!

I’m really kicking myself for not taking a more serious approach towards these loans sooner!

Are they (Citibank Loan Corporation) ever going to be surprised… come this Friday I’m going to pay off one of my loans that’s gone up just over 3k. I’m going to use part of my end of the year big check to do so. I might even apply some of what’s leftover to another loan through them.

I’m going to pull another dirty trick on them. My bank just offered me to transfer a balance over to them and have the interest rate be 5.99% till I pay it off! That is much lower than the 8% interest rates I have on t he Citibank loans. I just have to call the bank tomorrow and try to set the whole thing up. Hopefully it will happen because it seems like a much better deal.

In addition to getting a lower interest rate through the bank (consolidation wasn’t an option for these loans because they aren’t federal) I am going to start making extra payments every time!

This is the only way to really tackle them. They are going to be surprised, as I’ve just made the minimum payments in the past!

I have a small cluster of private student loans (non-federal) that are ranging from 2-5 grand each and they have variable interest rates and it’s up to 8.5% on some of em! Bloody hell!!!

Well, I’ve a plan to tackle at least ONE of these buggers this summer! As a teacher, I get the option of choosing either 24 or 20 pay periods… and I always choose 24 even though I work summer school as well. The result is me being handed a “big check” at the end of the year which I do not need to sustain me over the summer (due to working a 6 week summer program). Well, usually I use the money to pay for home improvement or etc. but this year I don’t have any credit cards to pay off and I do not have any major home improvements planned so I thought I’d put a grand of this money into the bank and then use the rest to pay off one of my loans.

I’ve got my fingers crossed that this will happen and nothing will come in my way of doing this. I’ll post when it actually happens at the end of JUNE!!! Jeepers, I cannot wait till the end of the school year!!!

Sissy