Wednesday June 23, 2004
Signed, Sealed, Delivered
Yesterday in the mail I received an overstuffed legal-sized envelope. The contents of said envelope? All of the promissory notes I signed for my Perkins Loans and a note acknowledging that the loan has been repaid in full. I threw a large chunk of money at them in April in order to pay off this loan—it had the highest interest rate of my two loans, and I figured it would be nice to not have to pay $120 every 3 months until it was paid off in 2005 or whatever.
Anyway, it’s nice to see those notes, because it means that one loan is OFFICIALLY PAID OFF!!! Of course, the extra money is just going to go towards my credit card that I used for the Graphic Design courses, but whatever. It’ll be awhile before you see me write a post like this again, as my other loan is for a much more substantial amount.
Posted at 9:52 AM |
I think I will be able to pay off my school loan when I’m 50 yrs old.
a friend of mine told me, paying off loans is like getting a raise. Put 60% in savings and the remainder for cost of living. … unfortunately, I never too her great advice.
2 | Posted by: Mona on June 24, 2004 @ 10:04 AMCongrats - I expect to be completely debt free in a few months and can’t wait.
3 | Posted by: Zach on June 25, 2004 @ 11:06 AMI hate my school loans. I paid off my Perkins within a couple years but the Stafford is a fixed-rate bitch — I’ve been doing about $130/mo since 1997 and have lowered my principal by less than a thousand dollars in that time. I wish I had the credit line to take out a loan to pay it off, all the interest eats my payments…
4 | Posted by: gwen on June 25, 2004 @ 12:14 PM
