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Student Loan Update

IMG_1005So, 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!

12 Responses to Student Loan Update

  1. MJ Ankenman says:

    Congrats….student loans are such a weight on your shoulders. Good for you to have a plan, I think that helps to reduce the stress of it all.

  2. Courtney-O says:

    Way to go! I recently paid mine off, and it felt amazing!

  3. Dan says:

    Congrats. That’s awesome!

  4. Jody says:

    can’t wait for the party… damnnnn education is expensive!

  5. Krista Lee says:

    And this is why Margaux is 2 months old with $600 in RESPs already. Way to go Dr.Beth!

  6. Beth says:

    Way to go on getting started on the RESP for Margaux, Krista Lee!

    Jody, you are so right – education *is* expensive! And you should totally fly out here to celebrate when I have my big party!

  7. I’m so proud of you for busting your butt and blowing through your student loans. Not much longer and they’ll be GONE. I’d better be invited to that party.

  8. Beth says:

    You are SO invited to the party!

  9. Rick says:

    Good stuff!! I’m self-inviting myself to the party, whether you like it or not :).

  10. Beth says:

    You are also SO invited to the party, Rick!

    Man, I really better start planning this thing! I have less than 2 years to plan the bash of the century!

  11. Beth says:

    Thanks!

    Also, you are SO invited to the party too! Hooray!

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