Used my tax refund to pay the last $2600 or so on my last private loan. Now all that is left is the federal. That’s substantial but the payment is something I can handle and I’m in the direct loan program for teachers and other public welfare jobs (police, firefighters, librarians, etc) and hopefully will be able to cancel whatever is leftover at the end of 10 years of repayments. I have just under 8 years left. Looking forward to 2022! 3 days ago
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It’s sorted. I have $1892 to pay off on the smallest/highest-interest-rate private loan now. If I pay at my current rate and they allocate like they have been on my automatic payments, I’ll have this paid off in August, exactly when I wanted it to be! 6 days ago
Start: May 2010 with $88,000 in debt
Current balance: $3,000
Big props to myself for sticking it through, being frugal, living at home, etc. to make this goal almost a reality. DEBT FREE HERE I COME. 2 weeks ago
While everything still isn’t sorted out with the private lender, I am much closer. Both checks have finally been applied – incorrectly, of course – and then they pulled out more than I had set my payments up for – and now they’ve randomly changed my payments to the 7th rather than the due date of the 21st. What else are they going to come up with?
At this point, if they correctly reapply the check that went on walkabout, I may be able to get the private loan with the highest interest rate paid off before school starts in August. Considering that the only school to seem interested in me pays a bit lower than I was expecting, I’m not sure I’ll be able to make any payments at all during school, so I really hope I can get that one paid.
On a positive note, my boss really wants me to work ~10h a week remotely. That would double my income as a grad student, but I’m not sure the school would go for it at all. 2 weeks ago
I now have all of my students loans (undergraduate and postgraduate) consolidated into one with Sallie Mae. The debt has increased by almost 40%! If I continue making the minimum payment, my loans will continue to grow, because the interest accrued every month is astronomical.
I am up-to-date with my payments, which is a far more grand achievement than it probably sounds. I’ve taken advantage of the interest rate reduction by enrolling in automatic payments. I am working on ways to increase my income, so that I can make additional payments and chip away at the principle. 2 weeks ago
Grr! I hate interest! I keep paying and paying but never get anywhere with this. That and I just have a hard time to deal with this. Anyway, I am still contemplating whether I should take out a loan for this BSN classes that I am working through this year, however I am going to try not to (since I don’t want to do this). So, here goes.
AMOUNT LEFT TO PAY: $5,620.59 3 weeks ago
I was doing so well on this goal! But it seems like all my hard work inspired my husband to get on the bandwagon too.
Student loan repayment works a bit differently in the UK… basically, they just take a small minimum payment out of your paycheck. Anyway, he decided to check how much he still had to pay and it turns out his debt is still £13k!
Clearly the automatic payments they take are really low, which means we are paying a lot more on the interest. We’ve decided to start throwing extra money at his loan every month to get it down, but even so it’s going to take a few years to pay it off.
Since what’s his is mine now… I’m (or should I say ‘we’re) nowhere near finishing this goal. No matter… just carry on. 4 weeks ago
I’ve been putting in 80-90% of my paycheck every month into paying back my loans, now I have about $1000 left on one loan, and $2000 left on another! My mom has also been helping me this past year and I think we’ll be able to pay them off in the next 3-4 months! :D 4 weeks ago
I hate the holder of my private student loans, and I’m really tempted to see if I can switch them right now.
I sent those checks on 29 January. I wrote all over the envelope and payment coupon that there were TWO checks enclosed – nowhere on their instructions/website does it say that you can only send one, btw – and I wrote that the small loan needed to be paid off ”~$215” and to apply the rest to the next loan. I wrote the amount of each check and the combined total several places.
This morning, I see where they finally (6 Feb) applied ONE check as of 3 Feb. They not only have just applied the one check, they are freaking morons in how they applied it. They put the whole $600 to the ~$215 loan, so it’s now with a balance of ~$385 NEGATIVE. Does this even make sense? I worked at a bank, so I know that a lot of banking IT systems won’t allow a user to make a non-revolving account negative.
Sigh. Okay, rant over. They’ve got mad skillz, and I need to respect that.
I might give them until Monday before I call to bless them. I really need to find out which check they processed and which they (hopefully) shredded. 4 weeks ago