11-06-2019, 11:26 AM
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#1 (permalink)
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Not Doug
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I paid off my student loans!
It has been over twenty-four hours and is still processing. I will post a screenshot when it clears [and then pay off the interest once I am charged for that], but here is a placeholder:
I was paid from my main job yesterday and immediately made the student loan payment.
I am going to start paying down my credit card next. I owe a little over $8,000, but it is at 0% until June.
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"Oh if you use math, reason, and logic you will be hated."--OilPan4
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 Today
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Other popular topics in this forum...
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11-06-2019, 01:22 PM
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#2 (permalink)
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Master EcoModder
Join Date: Jan 2008
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debt
Quote:
Originally Posted by Xist
It has been over twenty-four hours and is still processing. I will post a screenshot when it clears [and then pay off the interest once I am charged for that], but here is a placeholder:
I was paid from my main job yesterday and immediately made the student loan payment.
I am going to start paying down my credit card next. I owe a little over $8,000, but it is at 0% until June. |
You're on your way to becoming a free person (as long as you can pay property taxes) 
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Photobucket album: http://s1271.photobucket.com/albums/jj622/aerohead2/
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11-06-2019, 01:28 PM
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#3 (permalink)
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Administrator
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Congrats Xist! |
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11-07-2019, 10:59 PM
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#4 (permalink)
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Not Doug
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It's official!
Yay!
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"Oh if you use math, reason, and logic you will be hated."--OilPan4
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11-08-2019, 07:07 AM
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#5 (permalink)
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Eco-ventor
Join Date: Oct 2010
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Congratulations!
How long did it take you?
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2016: 128.75L for 1875.00km => 6.87L/100km (34.3MPG US)
2017: 209.14L for 4244.00km => 4.93L/100km (47.7MPG US)
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11-08-2019, 10:03 AM
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#6 (permalink)
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Not Doug
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The short answer is about 5.5 years. Whenever I had extra money I made an extra payment. The long answer is that I first graduated in 2007 with about $40,000 in loans, but did not have stable work until I joined the Army a year and five months later. I paid off my credit cards and $14,000 towards my student loans, but accrued $7,000 in interest because nobody told me about Active Duty Deferment. I came home in 2012, graduated again in 2014, but was back up to about $40,000 in debt.
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"Oh if you use math, reason, and logic you will be hated."--OilPan4
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11-08-2019, 12:52 PM
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#7 (permalink)
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Rat Racer
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It's great to see something working out for you. And by something, I mean a ton of somethings that worked together to get through that. Congratulations.
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Quote:
Originally Posted by sheepdog44
Transmission type Efficiency
Manual neutral engine off.100% @∞MPG <----- Fun Fact.
Manual 1:1 gear ratio .......98%
CVT belt ............................88%
Automatic .........................86%
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11-13-2019, 04:38 AM
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#8 (permalink)
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Master EcoModder
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Congratulations.
The finances of the education system over there baffles me a bit. That is a lot of debt.
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11-13-2019, 11:08 AM
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#9 (permalink)
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Not Doug
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How about this lady getting $260,000 in debt (and counting) for a nursing degree?
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"Oh if you use math, reason, and logic you will be hated."--OilPan4
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11-13-2019, 12:45 PM
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#10 (permalink)
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Human Environmentalist
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Quote:
Originally Posted by teoman
Congratulations.
The finances of the education system over there baffles me a bit. That is a lot of debt.
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Agreed. And student loan debt is among the only that cannot be dismissed by bankruptcy.
I have 2 friends that are married, one is a veterinarian and the other a pharmacist. They graduated with a combined $250k or so of debt. At that time, I had purchased a 4 bedroom 2.5 bath home and put 20% down. Also had an investment property in OK. I started out 2 properties ahead, and they a property behind (monetarily), and it will be some time in the future that they catch up. I've already sold the investment property in OK and have a 2nd house.
I wouldn't go to school to get rich, I'd go if you have a career in mind that requires it.
Last edited by redpoint5; 11-13-2019 at 01:18 PM..
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