It’s been tight this month trying to pay off as possible on my student loans, but I think it’s worth it to see this:
Woohoo! A ZERO balance! Sure it’s only on one loan, and the smallest one, but it’s gone! YAY! This is my first zero balance in the land of student loan debt repayment and it feels so good.
And the big one in this account is now just under $5k. With these totals my student loans are just over $15,700. that still seems like a crazy high number but at least it is dropping and I’m knocking out whole loans now.
I’m thinking I will tackle the big 2007 loan next. It’s $4,954.46 which means it will take longer but it’s currently got the highest interest rate at 6.8%. The other two are at 2.3% (I think) and the other loan with another lender is at 5%. So it makes sense to pay off the highest interest rate to save more money, even if it will take longer.
Happy day, good news! :)
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Sweet! Way to go! That’s one time it’s good to see a $0 balance :)
I’m working away at getting rid of my student loans, too. I’m starting with the highest interest account.
We can do this!
Awesome! How exciting!