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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

Posted in Debt, Personal Finance | 5 Comments »

5 Responses to “Debt Progress Update”

  1. Smallsteps Says:
    October 6th, 2019 at 04:32 pm 1570379544
    1570379544

    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:
    October 6th, 2019 at 05:36 pm 1570383412
    1570383412

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

  3. rob62521 Says:
    October 6th, 2019 at 07:10 pm 1570389053
    1570389053

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

  4. mumof2 Says:
    October 7th, 2019 at 08:54 am 1570438498
    1570438498

    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:
    October 7th, 2019 at 01:29 pm 1570454972
    1570454972

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

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