Student Loan == Paid off...

[purbeast0]

Originally posted by: zebano

Originally posted by: purbeast0
nice! i just started paying my student loans. I will be paying them for a LONG LONG time.

thats the only debt I have though, other than the $1200 I have left on my TV, and $600 I have on one other CC.

So in other words it's not the only debt you have. Don't lie to yourself about your finances, it just usually leads to worse debt.

edit: congrats to the op.

yes, because you know exactly how my financial situation is and works 😛

well yes i have other debts, but i'm putting $200/mo on the one CC w/$600 on it so thats gone in 3 months, and my TV will be done in probably 4 months. i don't have the actual CC for either of those accounts anymore either, so i can't get into more debt on them.

 

[RaDragon]

That's awesome! Congratulations.

 

[iamwiz82]

I just got notice that my private loans went up another .5% :| I've been overpaying but the interest rate just keeps climbing. I wish there was a loan consolidation that offers a fixed rate.

Only $39,xxx to go

 

[ngvepforever2]

Originally posted by: DaShen

Originally posted by: ngvepforever2
Thanks God I am working and paying my school as I go. Two years doing that now, two more years to go. So far everything is ok but it's taking a toll on my social life 🙁, especially being a CS Major. No debts, so far 😀. But seeing how high all of your debts are is making want to get a video Ipod and therefore shelling out a 300 bucks into my credit card....Should I do it? :evil:

Regards

ng

I did that, but it is hard to pay and pay food & board at the same time. It can get quite tight in funding.

Funding is getting quite tight 🙁 , luckily here at work food is cheap. About board, I don't live on campus so funding gets even worse....but .....should I get myself a video Ipod? :evil:. I already have saved for my next semester so I am already saving for my senior year...

Regards

ng

 

[Sparke]

I consolidated last year @ 3.25%. My savings account gets 4.0% plus I get a tax break on the interest I pay on my student loans. Plus I'm trying to build up my credit rating. So I'm in no hurry to pay off my loans.

 

[AndrewR]

Congrats, but I'm exceptionally jealous. Mine won't be paid off for another 20+ years on the current schedule. Of course, I'll probably start paying them down earlier than that, but right now I have to build some cash accounts for emergencies and am also paying into my daughter's college fund.

I'm already paying more on my private loans to get them finished in 10 years instead of current schedule 15, but I plan on accelerating payments to those as I can afford them since the interest rate keeps rising.

I have a mortgage loan amount without the house. 😀

 

[FoBoT]

mine is down to about $500, i'll kill it off with my tax refund