Traffic for 2005 October 3 (entry 0)

(3) Mon Oct 03 2005 11:32 PST Loose the Noose: Instead of subjecting myself to five years of financial pain, I decided to be poor right now and pay off all my student loans at once, as they start becoming due in November. Though writing the check was painful, and did require some financial rearranging, it will be nice to have one less bill a month, not to mention skipping out on the interest.

Of course, it's always more fun to write checks when they are "Peanuts" checks!

When I can finally afford to buy a home, I hope to pay more than the minimum balance at least several times per year. Especially early on, as most loan agencies have caught on and won't let you do it in the last 5 years or so.

Comments:

Posted by Rachel at Mon Oct 03 2005 18:31

Wow. That's great--I wish I could do that.

Posted by Leonard at Tue Oct 04 2005 07:36

That's what I did, but I didn't have that much to pay off so it wasn't too difficult.

Posted by Alyson at Wed Oct 12 2005 17:24

One check and *poof* no more student loans? Well, I guess it isn't *poof*, but still, that's impressive.