Morning! Last month I submitted my last student loan payment and I've recently received my pay off notification. Now it feels real. I think this feels better than actually graduating from college. A little about me I'm 27 and graduated college in May of 2013 with an engineering degree with about 74K in SL.
Salie Mae ~23K @ 9.875% (used signing bonus and paid off within 6 months after graduating)
Fed Loan ~40K @ 4.875%
Parent Plus Loan ~10K @ 7.875%
Throughout the last 3 years my income was around 110k and most recently I'm at 80K. The drop in income was due to the oil bust and me taking on a different role in a different industry. Although I was paying off debt, I still max out my 401k and purchased a house with 20% down payment.
401k Blanace is at ~97K.
Taxable Acct: ~32K
Now my plan is to allocate the SL payment into both a Roth and IRA now that I qualify for the full IRA deduction due to the lower AGI.
Thanks for stopping by.
