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Debt Progress Update

October 6th, 2019 at 02:30 pm

Several interval progress posts were lost, so this will seem like a big jump, but I wanted to post an update. Over those months I’ve thrown overtime and a bonus at my loans in addition to my usual budgeted payments. For some of the paid off federal loans only principle is listed because it's hard to tell the total interest paid from the website.

Loan snapshot:
Private loan: $19,612.46 principal and $454.07 interest – PAID OFF
Grad plus loan: $9,546 principal – PAID OFF
Stafford loan #1: $8,500 principal – PAID OFF
Stafford loan #2: $8,500 principal- PAID OFF
Stafford loan #3: $8,500 principal and $1,399.20 interest: Balance: PAID OFF
Stafford loan #4: $43, 595.23 principal and $10,794.81 interest: -PAID OFF
Stafford loan #5: $43,952.80 principal and $8929.01 interest: Balance $52,881.81
Stafford loan #6: $44,013.66 principal and $8941.62 interest: Balance $52,955.28
Stafford loan #7: $48,070.76 principal and $9,765.45 interest: Balance $57,836.21
Total remaining balance: $163,673.30 Remaining principal $136,037.22 Interest: $27,636.08

5 Responses to “Debt Progress Update”

  1. Smallsteps Says:

    This is a great example for student loans, the interest amount shows why it is so hard to make these disappear. I think the big disconnect for those without loans is not seeing it set out like this.

  2. Jenn Says:

    That's a steep hill to climb, but you're making good progress!

  3. rob62521 Says:

    Good job on getting those loans paid off. Keep up the good work!

  4. mumof2 Says:

    wish you luck on getting them paid like all things the interest is a killer and makes it so hard to pay things off...stick with it your doing great

  5. CB in the City Says:

    Keep on going! You're doing great at paying off those loans.

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