It’s no secret that my financial goal for this year is to pay off $10,000 of my student loans. To achieve this goal, I have to put $834 each month into paying off my student debt. I’m happy to report that I’m still on track after the first three months of 2008.
This means that in this year alone, I’ve already saved up $2502 to put toward my student loans!
After learning a lesson or two from Squawkfox about how to quickly pay off student loans, the tax refund I’m expecting to get this year will go straight into knocking out some more of my student debt too. Who knows? I might even be able to pay off more than $10,000 of my debt by the end of this year.
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This is good advice.
I know a girl who is now a school principal. When she first got out of college, she moved back home with her parents and taught elementary school. She took most of her salary and paid off her college loans, as well as her car.
Now she is sitting pretty good financially.
When I saw your blog…I thought to myself “That’s me!” I am also a grad student and am up to my head in student loans. I am finishing my Masters in Biomedical Engineering. I plan on paying off my loans in 5 years…I have too much school debt to announce it on the net. Nevertheless, what you are doing is a great thing. I look forward to keeping up with your progress. Good luck!
Congrats on your progress on this awesome goal! I’m just a freshman in college, so I’m just beginning my long, expensive journey. I’m definitely going to work as hard as possible to limit my student loan debt though.
Awesome blog you’ve got going on here!