I just graduated from college this past year, and my grace period is finally coming to a close. I'm so glad I found this site and the Mustachian ideas so early in my post-grad life, as I am fully prepared to tackle my loans as aggressively as I possibly can. What's so great about being Mustachian is that it basically turns life into a game, a game that can be won, with early retirement and a fantastic life as the win! This new way of thinking is making me competitive with my financial decisions, as I'm constantly trying to tighten budgets and better my financial decisions in every way possible. And, what better way to start than to get rid of these no good, horrendous student loans. Compared to a lot of other people in this forum, it looks like I'm not doing to badly, with $27k in loans to shed (not to mention the interest!). Still, I'm working in early childcare, so that means I have to pay off college loans with an income that is significantly less than it should be after 4 years of undergraduate education.
This is the breakdown:
-DLUNST (6.8%)- 3,490.00
-DLUNST (6.8%)- 2,000.00
-DLUNST (6.8%)- 2,000.00
-DLUNST (3.86%)- 2,000.00
-DLSTFD (3.4%)- 4,500.00
-DLSTFD (3.4%)- 5,500.00
-DLSTFD (3.86%)- 5,500.00
-DLSTFD (4.5%)- 2,010.00
Grand Total: $27,000
My goal is to have my loans all paid off within three years. I am planning on first paying the minimums, and then paying more toward my highest interest-rate loans with the money from my budget that I didn't spend (I seem to have a lot of extra money that I budget for but don't end up spending), and with the rest of all of my paychecks, minus $100 each month toward savings. I can't wait to shed these loans and get started with the real investing! Best of luck to everyone else, we can do this!