Author Topic: Paid off grad school loans!  (Read 1357 times)

banjarian

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Paid off grad school loans!
« on: July 06, 2016, 11:26:01 AM »
A couple of days ago I finally made my final payment on my student loans. Husband and I are completely free of educational debt! Together we'd amassed almost a hundred thousand dollars of it, between both our undergrad degrees and my graduate degree, but now it's gone.

My loan servicing company had automatically put me on the 30-year plan to pay off the grad balance, but I managed in 3.5 years, with most of that happening in the last 2 years. PLUS, I made more than $400 in the process of paying them off, by making payments on my credit card, earning points, and then immediately paying that card off.

And a final point of badassity -- not only are the loans paid off, but according to my calculations, this is also the year where the debt became worthwhile - where my increased income surpasses the money spent getting that education in the first place. After this point, it's all profit. :D

Feeling pretty smug today, and really looking forward to the next thing -- plowing through that mortgage.

Classical_Liberal

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Re: Paid off grad school loans!
« Reply #1 on: July 06, 2016, 07:13:31 PM »
Super badass!  Feels like iron shackles have been released from your legs!

 

Wow, a phone plan for fifteen bucks!