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General Discussion => Share Your Badassity => Topic started by: 11ducks on February 12, 2018, 12:42:34 AM

Title: Last payment on my student loans!!
Post by: 11ducks on February 12, 2018, 12:42:34 AM

Today my last student loan payment was deducted. $50,000 paid over 6 years, its been a slog but its done!!! Almost $380 extra to throw towards my stash/investments every month!

Title: Re: Last payment on my student loans!!
Post by: former player on February 12, 2018, 01:36:14 AM
That's a big deal.  Congratulations.
Title: Re: Last payment on my student loans!!
Post by: 11ducks on February 12, 2018, 03:54:41 AM
Thank you, it feels like it took forever! I'm super excited to see my net worth really ramping up!
Title: Re: Last payment on my student loans!!
Post by: HappierAtHome on February 12, 2018, 04:17:36 AM
That's huge! Congratulations!
Title: Re: Last payment on my student loans!!
Post by: MrsDinero on February 12, 2018, 05:31:52 AM
That is wonderful!  Congrats!!!
Title: Re: Last payment on my student loans!!
Post by: RWD on February 12, 2018, 07:31:13 AM
Congrats! (https://www.youtube.com/watch?v=JqbXQa05Z6c)
Title: Re: Last payment on my student loans!!
Post by: DapperD123 on February 12, 2018, 08:38:22 AM
Congrats!!!
Title: Re: Last payment on my student loans!!
Post by: Nancy on February 12, 2018, 08:41:36 AM
Congrats!
Title: Re: Last payment on my student loans!!
Post by: beattie228 on February 12, 2018, 10:32:59 AM
Congratulations! Huge milestone.
Title: Re: Last payment on my student loans!!
Post by: Livingthedream55 on February 12, 2018, 10:45:38 AM
Way to go!!!!   : 0 )
Title: Re: Last payment on my student loans!!
Post by: caseyzee on February 12, 2018, 10:55:52 AM
Congratulations, well done!
Title: Re: Last payment on my student loans!!
Post by: Nick_Miller on February 12, 2018, 10:59:09 AM
Well done, good sir, or good madam! Or...I guess there are other options too.

I can't imagine how freeing that feels!
Title: Re: Last payment on my student loans!!
Post by: Jeff K on February 14, 2018, 11:59:27 AM
Great Job!
Title: Re: Last payment on my student loans!!
Post by: Mrs. Rocker on February 14, 2018, 08:19:39 PM
Woohoo! Congrats.
Title: Re: Last payment on my student loans!!
Post by: GOFU on February 17, 2018, 08:08:06 AM
Nicely done. Take another duck out of petty cash.
Title: Re: Last payment on my student loans!!
Post by: comicguy on February 18, 2018, 12:31:56 PM
Awesome!!!
Title: Re: Last payment on my student loans!!
Post by: Candace on February 18, 2018, 01:05:07 PM
Great job! Enjoy the increased cash flow!
Title: Re: Last payment on my student loans!!
Post by: marty998 on February 20, 2018, 12:45:13 AM
Nicely done 11ducks! HECS paid off is a wonderful feeling!

Enjoy the bigger pay packets.
Title: Re: Last payment on my student loans!!
Post by: Minnowstache on February 20, 2018, 01:07:15 AM
Woo hoo!
Title: Re: Last payment on my student loans!!
Post by: mustachepungoeshere on February 20, 2018, 01:23:33 AM
Awesome news! Well done!
Title: Re: Last payment on my student loans!!
Post by: 11ducks on February 23, 2018, 03:31:26 AM
Thanks guys, am very excited! Now to buckle down, pay off the house and stash cash into investments, and then freedom!
Title: Re: Last payment on my student loans!!
Post by: Arbitrage on February 28, 2018, 04:20:02 PM
Nice!  We're in for the long haul on DW's grad school loans.  We were able to consolidate about 2/3 of them right after graduation into a 1.625% fixed rate, with a payoff around 25 years, and haven't paid an extra dime.  The other 1/3 (variable interest rate, starting off at a very high rate) we did accelerate and paid off in about 3 years. 

As for the house...meh.  If I get my way, we won't actually pay it off until we sell to move to a lower COLA at FIRE, at which point I hope to use the equity to purchase our new house outright.  TBD if that's doable; accelerating payments somewhat but putting the bulk of our excess savings toward investments to ensure that we'll have the 5-year Roth IRA bridge sufficiently funded. 
Title: Re: Last payment on my student loans!!
Post by: 2microsNH on March 01, 2018, 04:52:04 AM
Way to go, 11ducks! I paid off my student loans almost a year ago, at age 47. It was a huge weight off my shoulders. Enjoy the feeling (and the extra stache)!
Title: Re: Last payment on my student loans!!
Post by: Gone_Hiking on March 03, 2018, 08:59:21 PM
Well done.  Congratulations.  I bet it feels amazing!
Title: Re: Last payment on my student loans!!
Post by: Just Joe on March 12, 2018, 03:32:29 PM
Congrats!!! Now tell the non-MMM world too. They could use the encouragement and living example that it can indeed be done in a reasonable period of time.