DrakesMommy is stressed
Well since I last wrote an entry I am now at 6,442.90. Down 1,210 in about 2 years.. not bad but not great.. can’t wait til I finally have this debt gone!
AmateurX is working...ugh.
How I did it: It took several years, but what it really boils down to is just keep making the payments, use the standard payment plan, & make extra payments when you can afford to. Read how I did it…
How I did it: I made a budget so I could pay three times my minimum payment each month. Then I just saved as much money as I could and made larger payments whenever I could. Read how I did it…
How I did it: MOTHERFUCKERS OVERCHARGED ME. I KNEW IT. By paying off the remainder early. Oh geeze, this now has a character minimum? Okay: I reached into my poor bleeding bank account and pulled out a wad of cash, muttering "thanks for nothing, college education, I'm about to get laid off in two weeks". I'm not bitter, not at all. Read how I did it…
How I did it: I started paying the minimum on my loans. Once my first small loan was paid off, I used the "debt snowball" effect I learned from Dave Ramsey's Financial Peace University. This helped so much! Read how I did it…
wookid is 'getting real' about the kind of life I want to live
How I did it: For a long time I made slow, steady payments. Then recently, I was fortunate enough that I could FINALLY afford to pay that last big amount to get me over the hump. YAHOO! There's nothing fancy about it--paying off debt usually takes a long time. Have a good attitude about it, though! I never minded paying for my loans, as I felt so lucky to be able to go to college and grad school to begin with! :-)&nb… Read how I did it…
DrakesMommy is stressed
Well since I last wrote an entry I am now at 6,442.90. Down 1,210 in about 2 years.. not bad but not great.. can’t wait til I finally have this debt gone!
typeoplus taking a nap
Save 150 dollars monthly.
Earn 200 dollars monthly
Earn 1000 dollars during holiday
Be a thrifty person
typeoplus taking a nap
Work part time during holiday and save
Pack food from home, do not eat out
Have a budget and stick to it diligently
Work part time during school term
Go out less if those going out costs money
Spend less less and less
Always know exactly how much I have in my wallet
Print stuff at home asap
Do not buy stationery unnecessarily
Collect things
Sell stuff on ebay
Learn new skills and free lance
Spend my time productively
I should mention that my student loan debt started at around $40,500 back in 2003 but now I’m down to $30,800 and change!
This isn’t a number I am obsessed with making $0 anytime very soon, but it would be good to see it in the 20s, even if it’s $29,999 … LOL.
Maybe I will give it ten years to pay down to $0. Luckily the interest is low, about 2%!
I just started my second year of college, and somehow even with my scholarships I’m already more than $14,000 in debt. I’d like to be able to pay that off before I spend money on anything else, but I also want to be a landlady when I grow up, and get married and have a kid before I’m 30. I’m pretty sure I’m going to be in debt forever. Why isn’t it possible to go to college AFTER you get money? :C
I’m so tired of reading articles saying our student debt is our fault and we choose to take out a loan. Well we are told that a college education is the best way to go. You start off college thinking it’s a step toward your future. You sign up feeling you can pay back some loans as they tell you you can once you get your degree. Then as you see how much you have taken out halfway what can you do? Stop going to school? then you would waste thousands of dollars and time. They wave in your face that you can not continue and reach your dream unless you take out a loan. So you keep taking more out. Once you get your degree you expect to get a better paying job and get more interviews. But you don’t. No one can afford to higher you or you don’t have enough experience. People can’t blame us for chasing a dream.
And the funny thing is:
some employers wont higher you if you have bad credit
and they can garnish your wages making it hard to survive life
So whats the sense in that? Take out loans to get a degree>>Get a degree to get a better job >>cant get a good paying job >> can’t pay student loans>> student loans take away a chance for you to have a better life.
But hey, I’m just ranting.
LadyDevina is blogging and working on my portfolio
but its like lighting a match to the money – its almost all going to interest fees…grrr – its frustrating.
I have no job and no money and stay home taking care of our baby. My husband has a job. We don’t want any interest to accumulate on the loan which starts in May. So it looks like he is going to have to pay off the 3700 for me if he can save that up by then. I don’t think he will make me pay him back but for some reason I am feeling like he might use the fact that he paid against me in the future or as collateral…should I let him pay?
$10,440.31
Principal: $172.77
Interest: $38.72
Months Remaining: 55
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Emily asks,
“Out of curiosity, how much money do you have to pay back? I've already taken out 15k and I'm wondering how many people are in the same boat.”
— 2 years ago |
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Marcuseppes asks,
“If I have a 7,000 student loan to pay off, how much will I have to pay a month?”
— 3 years ago |
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