Monday, September 7, 2009

Student Loan: 1 gone, 3 to go...

I submitted an e-payment for $1339.35 today, which is the outstanding balance on one of my student loans. It'll be a few days before the payment clears, but it feels GREAT to be done with that loan. 

I took it out to help pay for my summer classes during my last year of school. I had maxed out the "regular" federal student loans, most of my scholarships wouldn't cover summer classes, but I wanted to get my degree done as soon as possible. 

The original loan amount was $2500, at 5% interest rate. 

The minimum payments were due quarterly, and were $120 every 3 months. 

And now they're gone!  :) 

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