Post by simpsongal on Sept 21, 2015 9:18:28 GMT -5
I paid off my federal student loans this morning!!!!!
I have a lot of private loans left, but these high interest (6.8%) federal beasts were f'ing awful. It took ~7 years to pay off the $65K I had in 2008 but they're GONE.
I borrowed almost $90K in private loans in 2008 and I'm down to $60K (btw - this whole scenario is a good lesson in the punishing aspect of compound interest).
Congratulations!!! I can't wait for the day I pay mine off!!! Seriously will be right up there with the birth of the kids as one of the best days of my life.
Congrats!! We just paid off the last of dh's last month and it is so awesome. We had around $90k between the two of us, took 12 years to pay it all off.
Congrats! I felt a triumph with each loan we paid off, only $7600 left for me now, but nowhere near getting that paid down anytime soon....amazing how much loan repayment slowed once DD was added into the budget.
Post by aspentosh on Sept 21, 2015 13:54:06 GMT -5
Woohoo! I bet that feels great!
We've only got $5k left on H's SLs and I really really really want to be done with them. Thankfully the interest rate is less than 2% so we just pay the minimum.