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McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Oct 2, 2012 12:49 PM
Wife and I had about $50,000 total between us (4 diff loans) when we graduated in 2007 and started repaying in 2008.

Down to like $19,000 left on them, we've been hitting them pretty hard for the last 2 years.

So, we will be down from 4 loans to 2 by the end of the year, which saves like $300/mo in payments (we are still paying extra, though).

Hope to have them gone totally within 1-2 years max.
Oct 2, 2012 12:49pm
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raiderbuck

Senior Member

1,623 posts
Oct 2, 2012 3:06 PM
Never had student loan debt. Paid for via academic scholarships, and about 25% from my parents (Thank God). My GF has about $12k remaining.
Oct 2, 2012 3:06pm
jpake1's avatar

jpake1

Senior Member

2,389 posts
Oct 3, 2012 12:16 AM
Put myself through college. 58K was taken out, and no interest paid on it during 4 years. Ive been paying the minimum of 362. I now have a new house paid in cash, so its time for me to hit it hard. Trying to live off one salary while banking the other.
Oct 3, 2012 12:16am
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gut

Senior Member

15,058 posts
Oct 3, 2012 2:32 AM
jpake1;1285864 wrote:Put myself through college. 58K was taken out, and no interest paid on it during 4 years. Ive been paying the minimum of 362. I now have a new house paid in cash, so its time for me to hit it hard. Trying to live off one salary while banking the other.
Could you not get a loan for your house (they are brutally tough these days)? Otherwise, you should consider getting a loan for the house and using it to pay off (I assume) more expensive interest rates on your student loans. But you'll have to factor in closing costs, as well.
Oct 3, 2012 2:32am