Have paid about $600 down this year on one of my loans. not much but is a start i guess…
Will increase payments to $200 a month this August, so that will step things up.
How I did it: I finished the degree in 1995, so this has taken 13 years to pay off, which is amusing since it was originally a 10 year loan. Sallie Mae will let me drag this out as long as possible. They get more interest out of people that way. My ex and I had combined our loans during the marriage. When my ex and I sold the home this summer we used some of the money from the home sale to pay off the loans. What a relief! Read how I did it…
Have paid about $600 down this year on one of my loans. not much but is a start i guess…
Will increase payments to $200 a month this August, so that will step things up.
So, I applied to a 2-year Master’s program at NYU for this fall. I got accepted, but NYU is horribly expensive and they didn’t offer any money in grants or scholarships. Tuition is $42,000/year. Although it’s a very unique program, I do not feel that I accept their offer. If I had to pay for both years in loans, I would be over $100K in debt. I am forced to believe that NYU is simply not the school for me. :(
Scheduled my final payment on the unsubsidized portion of my loan today. Should go through on Monday.
The remaining subsidized portion should be mostly covered by bonds my wonderful parents took out years ago. They will mature sometime this year or next.