So, I made a really big lump sum payment on my student loans this month. Combining my tax return along with the amount of money I made from teaching two courses (after I used some of it to pay for my braces) meant I could make a $9,000 payment on my student loans. $9,000! Making the amount that I currently owe on my student loans a mere $26,500!
This puts me well within reach of achieving my goal of cutting my student loans in half by the end of 2011 compared to the end of 2010 – i.e., reaching the $20,000 mark (compared to the $40,000 I owed at the end of 2010). Also, since I got a raise, I upped my monthly payments to $1300/month.
Man, when I finally get these suckers paid off I am going to throw one hell of a kickass party!