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| Debt Anything to do with debt including debt reduction, debt concerns, debt consolidation and how to get out of debt |
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11-17-2010, 10:06 AM
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Paying off Student Loan! - End in Sight!
I just had to share. Ive had a student loan since 2005. Not a huge one but huge for my budget.
Ive made the min payments all this time, till as of recent we finally got back on track and ahead financially, ive been contributing sizeable amounts every chance I get. Ive paid off $2800 on this loan in the last 2 mos, loan balance is officially $409 As of today! The end is near! All I will have left after this is the $8,900 Heloc which Im sure will be gone by the end of next year as long as all stays on track financially. Then all I will have is a Monthly mortgage payment! 
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11-17-2010, 10:11 AM
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Great job. I paid off my student loans 3 or 4 years ago. They were more substantial ($102,000) and took longer (12 years) but I remember how nice it felt to send off that final payment and not have to write that check the following month.
__________________
Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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11-17-2010, 10:21 AM
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Sallie Mae left my house in 2007. Kicked her to the curb. If she would have stayed longer, I would have started charging for rent.
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11-17-2010, 08:01 PM
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Quote:
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11-21-2010, 12:54 PM
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Congratulations!!!
Paying off your student loan is great news and you should be very proud of it. I was lucky enough that my parents (actually my poor widow mom), paid for my education and never needed a student loan. It wasn't easy, and I had to cut on everything else to pay for college, but it was worth it. I just think that it is totally unfair for the poor new graduates that are trying to enter the difficult work market right now. with the recession and the high unemployment rate, the last thing they need is to be in debt even before they start earning a salary. Good job getting rid of this debt, way to go.
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11-21-2010, 07:44 PM
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Great Job! You'll feel very proud once you're debt free from your student loans.
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12-06-2010, 01:19 PM
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Good for you, dude. I wish I was there. The wife and I have a combined student loan debt of about 40,000. And are we working in our fields? Of course not. I loved college, but I'm starting to agree with Frank Zappa.
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12-07-2010, 09:48 AM
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Paid Off
I paid it off this AM! YAY!
Whew... now onto the equity loan, was hoping to have both paid off by end of 2010. But hey Im still happy! Hopefully 2011 will be the year I become Debt Free!
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12-07-2010, 09:56 AM
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Congrats! Take a breath and give yourself a little treat for getting rid of it, maybe a nice dinner out.
__________________
Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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12-07-2010, 09:57 AM
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haha had a meal out yesterday and me and the hubby made a late turkey dinner as we didnt have a real one due to travel and his job on Thanksgiving, So Ive got a fridge full of turkey, mashed potatoes, gravy and pumpkin pie. Eating out sounds blah at this point
 Maybe treating myself to a a massage?
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12-07-2010, 09:04 PM
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way to go
Great job, you are an inspiration to many!
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12-15-2010, 11:06 PM
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cool ........
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12-15-2010, 11:08 PM
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ya thats really a gr8 job .....
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12-15-2010, 11:10 PM
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ya thats really a gr8 job ..... hey even i took a bike for loan , but i was unable to pay due to personal problem ...so the authority took of my bike ! site
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