This is thread that made me a member of this forum, so I feel like I should finally lay out my situation. Currently I owe a hair under $50,000 in student loans, with my goal set to pay them off in under three years from July. I currently make around $1200 in net payments to the various loans, which since I have no other debt would be equivalent to a 75%~ savings rate. The loan breakdown is as follows.
Private #1 - 13,920 @ 6% $37.50 Weekly
Private #2 - 12,920 @ 6% $37.50 Weekly
Nelnet #1 - 1596 @ 8.5% $25 Monthly, currently paid forward until Feb 2015, but i'm going to start paying monthly again.
Nelnet #2 - 4580 @ 5.3% $53 Monthly
Nelnet #3 - 9920 @ 8.5% $114 Monthly
Nelnet #4 - 6350 @ 8.5% $87 Monthly (Currently paying this one down with extra cash)
My short term plan is to have the 6350 one paid off by November, then roll into knocking out the 1596 one off quick, then the 9900 ish one. If I can become really aggressive, then I think by then end of 2016 i'll be fully paid off, though all things being equal, some time in 2017 is more likely. I should mention that I am in the military, and currently I have no housing outlay and there is a free galley available for lunches, which I try to take advantage of, so that helps depress my expenses, but conversely also depresses the salary relative to most civilian jobs.