The Money Mustache Community

General Discussion => Share Your Badassity => Topic started by: labrat on February 13, 2015, 06:44:08 PM

Title: Student loan PAID OFF!!!
Post by: labrat on February 13, 2015, 06:44:08 PM: I paid off my student loan this month! It took 3 years of minimum payments and 8 months of funneling all extra money into the loan. Now it's time to pay off my husband's!

This feels fantastic!
Title: Re: Student loan PAID OFF!!!
Post by: Money Badger on February 13, 2015, 07:05:06 PM: Badass!
Title: Re: Student loan PAID OFF!!!
Post by: Exflyboy on February 13, 2015, 07:32:53 PM: Great job..:)
Title: Re: Student loan PAID OFF!!!
Post by: Tami1982 on February 13, 2015, 07:52:02 PM: Woot! Way to go! Must feel fantastic!
Title: Re: Student loan PAID OFF!!!
Post by: Retire-Canada on February 13, 2015, 07:57:49 PM: Awesome sauce! Congrats! Good luck crushing your husband's loan. :)

- vik
Title: Re: Student loan PAID OFF!!!
Post by: hlflanagan on February 15, 2015, 09:07:25 AM: Rock it, baby!

I just paid of my loan after an embarrassing length of time (coming into Mustachianism at mid-life), and ooooh it felt so goooooood. I think that's what kicked off me learning to be frugal, oddly enough. It felt so good, I wanted more moments just like it!
Title: Re: Student loan PAID OFF!!!
Post by: TheThirstyStag on February 17, 2015, 07:26:38 AM: Sweet congrats. I've been itching to do this myself, but my interests rates are so low (mostly low 2's) that it doesn't make sense to pay them off early.

What were your interest rates?
Title: Re: Student loan PAID OFF!!!
Post by: dude on February 17, 2015, 08:09:02 AM: Congrats!
Title: Re: Student loan PAID OFF!!!
Post by: Middlesbrough on February 17, 2015, 08:25:03 AM: Do work! Congrats!
Title: Re: Student loan PAID OFF!!!
Post by: kander on February 17, 2015, 08:52:26 AM: Great!! Congrats :D
Title: Re: Student loan PAID OFF!!!
Post by: KD on February 17, 2015, 09:04:55 AM: You are on a roll!! Woo-hoooo!!

How long do you predict to kill the hub's student debt?
Title: Re: Student loan PAID OFF!!!
Post by: clarkfan1979 on February 17, 2015, 06:16:45 PM: Congratulations. My wife and I are in the same boat. She said her loans off 5 days ago with a final payment of $1800. The interest rate was 2.3% but we were tired of looking at it. Similar to your situation, the husband (me) still has student loans. I am looking at paying them off in about 5 years, maybe sooner, depending on how things go.
Title: Re: Student loan PAID OFF!!!
Post by: mandy_2002 on February 18, 2015, 10:00:22 AM: Great job! Enjoy getting rid of all you other debt as well!

I left my final school loan for years since the payment was low and interest was 2.1%. I had a home with a slightly higher interest rate, so all overpayments went into that loan. Last year, after selling my house and becoming a renter, I decided to just get rid of it. It felt amazing to be debt free.
Title: Re: Student loan PAID OFF!!!
Post by: MandalayVA on February 18, 2015, 10:01:47 AM: Paying off loans is BADASS!
Title: Re: Student loan PAID OFF!!!
Post by: LauraL on February 18, 2015, 07:01:38 PM: Wahoo!! Congratulations!
Title: Re: Student loan PAID OFF!!!
Post by: dunhamjr on February 19, 2015, 05:16:02 PM: Congrats, I just sent my final payment this week as well.

Now to tackle the wife's loan, the plan is it will be paid off by this time next year or sooner.